Your beloved Saylor has been loading BTC at the highest like the world is ending. Currently, we are looking at a 95K coin. Microsoft rejected his proposal of buying more Bitcoin. A few companies are betting against MSTR. There are a few shorts going on at the moment. Even the wallstreetbets degenerates are betting against him. And you know how that ends, at some point GME caused some hedge funds to collapse in the past. Denegerates United is a powerful group. So what are your bets, do you think that Saylor is mental or not? Do you actually believe that he bought 560 m at that price or it is all a load of rubbish to create hype?
It is rubbish to create hype but he really did buy, you can look at the forms Michael Saylor (MicroStrategy) Portfolio Tracker His average buy price is now $62K Saylor will make lots of money from selling his MSTR shares, regardless of what happens. And so will everyone else; Blackrock and all other parties from the fees. And once the ponzi scheme implodes the retail will get fu**ed , like always.
Saylor can never sell most of his shares. he can sell a few on the fringe but if he sells enough that people notice, he will lose credibility and the premium MSTR enjoys over its bitcoin holdings will collapse.
Misstating financials would bring charges. It didn’t end well for the Hunt brothers, but can continue paying 1% or whatever on the converts. Sell shares? I don't think that would be an issue for the market if it's couched as estate planning. Probably half of BTC's performance is the result of MSTR's purchases. Half on ETF-adoption. He can't sell BTC as it would drop by a third overnight on any significant cover. Sold it all? The coin would trade to 10K on slippage and the news. Whatever cracks the price of the coin will probably have something to do with MSTR.
That is such a cringe f****** scene. Yeah, improvised and it shows. TBH the movie isn't great save for the "delayed fuse" 'lude trip which is legendary. The "Cerebral Palsy" phase.
Orbit, retail gets f*cked? When's the last time you paid a dime in commish to buy a share of stock? You want to go back to the days of $15/trip futures and $10 minimum stock transactions? How about $10 min for options and $1-$2/contract? Yeah, bc of PFOF but what do you care if your limit orders are filled? When was the last time that a guy (represented by McConaughey) offered price improvement on your limit? Trust me, if your limit order was improved upon it was bc the price traded through. If you're in MSTR at this prem or BTC then you entered into those transactions with your eyes wide open.
The Hunt brothers went up against commodities establishment who were short and lost. They changed the rules and liquidation of silver took place. This time Michael Saylor is on the same side as Soros and Black Rock etc. The run could be far from over.
I reference the Hunts as ppl began selling all the silver in their possession. Buying endlessly w/o an exit always ends badly. The "establishment" went short based upon price, not as a cabal with a vendetta. BTC supply is a lot more transparent than silver in the ground.
the only thing about that scene that I like was the nuance that making the client money was fine but really it was to keep him trading.