Join 78,944 users and earn money for participation

He Made 4 BILLION in 1 year just buying BITCOIN

1 19 boost
Avatar for phabulu
Written by   196
1 month ago
Topics: Bitcoin, BTC, Lifestyle, BCH, Crypto, ...

Yeas, that you read, HE MADE 4 BILLION IN 1 YEAR JUST BUYING BITCOIN

Widely known as the largest institutional holder of Bitcoin, Michael Saylor has taken his conviction to the extreme in recent months, which so far has earned him "only" $4.5 billion.

In August 2020, MicroStrategy, a company specializing in the development of intelligent software for businesses, purchased US$250 million in Bitcoin, making it one of the first large companies to acquire Bitcoin in its portfolio.

The decision was spearheaded by Michael J. Saylor, founder and CEO of the company, and initiated the institutional adoption of Bitcoin by market giants. After the first acquisition, Saylor was not content, and took his conception of the asset to the extreme of what everyone imagined, transforming the MicroStrategy papers listed on the NASDAQ into a kind of indirect Bitcoin ETF.

Since then, Saylor has not only followed Warren Buffet's famous motto “Buy the dip”, but he has bought absolutely everything, making different acquisitions in the most diverse moments that the market has been through.

Altogether, there were 15 acquisitions, of different values, ranging from $10 million to $1 billion made in unit purchases. The total sum, $3.1 billion, which turned into $7.6 billion since the first acquisition, a 144% return and a total profit of $4.5 billion.

Currently, the company has a total of 114,041 Bitcoins in its portfolio, which in dollars corresponds to more than the company's capitalization on the US stock exchange, which is US$7.3 billion.

MicroStrategy's annual revenue in 2020 was $481 million, which directly means that Bitcoin profits in recent months correspond to 9.3 years of the company's operation, if the performance were the same.

These were all MicroStrategy acquisitions:

August 11, 2020: US$250 million (21,454 BTC) - Average price of

$11K per BTC.

September 15, 2020: US$175 million (16,796 BTC) - Average price of

$10,800 per BTC.

December 5, 2020: US$50 million (2,575 BTC) - Average price of

$7.4k per BTC.

December 21, 2020: US$650 million (29,646 BTC) - Average price of

$7K per BTC.

January 21, 2021: $10 Million (314 BTC) – Average price of $31.8K per BTC.

February 3, 2021: $10 million (295 BTC) – Average price of $33.8K per BTC.

February 24, 2021: US $1,024 billion (19,452 BTC) - Average price of

$52.7K per BTC.

March 1, 2021: $15 million (328 BTC) – Average price of $45.7K per BTC.

March 5, 2021: $10 million (205 BTC) – Average price of $48.8k per BTC.

March 12, 2021: $15 million (262 BTC) – Average price of $57.1K per BTC.

April 5, 2021: $15 million (253 BTC) – Average price of $59.3K per BTC.

May 13, 2021: $15 million (271 BTC) – Average price of $55.3K per BTC.

May 18, 2021: $10 million (229 BTC) – Average price of $43.6k per BTC.

June 21, 2021: $489 Million (13,005 BTC) – Average price of $37.6K per BTC.

August 24, 2021: $177 million (3,907 BTC) – Average price of $45.2k per BTC.

September 23, 2021: $242 million (5,050 BTC) – Average price of $48K per BTC. Saylor recalled that many media outlets began following Bitcoin only after Elon Musk arrived, as his presence could not be ignored in space. The purchase made by Tesla, for example, legitimized investments in digital currency, believes Michael.

Elon Musk stocks may have generated volatility, but that's not bad for the market

Regarding the price of Bitcoin, Michael Saylor was adamant that Elon Musk's public speeches may have shaken the market, both bullish and bearish. However, this is not bad for the market as it is accelerating the adoption of digital currency.

“I think volatility is the price you pay to perform better in this asset class, but there will never be more than 21 million Bitcoin. It must appreciate, with volatility, forever.”

In that response, Michael said that people who want to get involved with Bitcoin must understand the fundamentals of the currency, which will be the same in 100 years. So, he believes that whoever keeps a little bit of BTC for ten minutes should only do it if they understand that they should keep it well for ten years, as this is not a technology that is very good for speculators, but for savers.

Michael Saylor is the CEO of MicroStrategy, a company that bought Bitcoin en masse and now owns more than 100,000 coins. He recalled at the event that if he had invested in gold, he would never have had a multi-billion dollar gain like he did.

3
$ 3.14
$ 3.14 from @TheRandomRewarder
Sponsors of phabulu
empty
empty
Avatar for phabulu
Written by   196
1 month ago
Topics: Bitcoin, BTC, Lifestyle, BCH, Crypto, ...
Enjoyed this article?  Earn Bitcoin Cash by sharing it! Explain
...and you will also help the author collect more tips.

Comments

There’s something they call the earlier the better. He got it at the early stage and he has benefitted from it. So sweet😍

$ 0.00
1 month ago