Man, you need to do your research before jumping to conclusion. According to this article by CoinDesk, Saylors did acquire 17,732 BTC in 2020 for just under $10,000 ($9,882 to be exact). https://www.coindesk.com/business/2...ael-saylors-17732-btc-holdings-now-worth-11b/
Another example of how to become a multi millionaire. Have a billion dollars worth of bitcoin and HODL.
Those 17,732 are his personal bitcoins which he bought before MicroStrategy bought 129,000. MicroStrategy did not buy any below $10,000, and has an average price of around $30,000. "I informed MicroStrategy of these holdings before the company decided to buy bitcoin for itself". LOL, looks like he front ran the company by taking a large position in his personal account just before he started buying in the company account.
It seems he had over a Billion dollars profit on his 17,732 personal bitcoins at the ATHs. Not bad for holding for one year. But currently his PnL on that position is 'only' +$160million. HODL is just dumb because eventually the luck runs out...
Could replace some of the short mstr shares with short deep itm calls. Interesting that the 10 strike Dec 2023 mstr puts are trading around $2. Means market thinks there's a greater than 20% chance it goes bankrupt by then.
I would have given him huge credit if he sells over 50K or even better 60K. From 30K to 50K, that is a decent profit. But these guys always over hold.