MicroStrategy repaid its $205M Silvergate loan at a 22% discount. As of 3/23/23, $MSTR acquired an additional ~6,455 bitcoins for ~$150M at an average of ~$23,238 per #bitcoin & held ~138,955 BTC acquired for ~$4.14B at an average of ~$29,817 per bitcoin. microstrategy.com/en/investor-re…
@saylor I hope you have spent some time thinking & planning what to do with all those Bitcoin for after the current system implodes, because it's going to fall on you to recapitalize the new system & get people working again.
@saylor I also stacked some sats during the period mentioned.
@saylor so, wait... if the average price of the newly acquired btc is about $23K, does this mean you bought that much over a price spread of $18k-28k? Is this entire Q1 price move just because of your purchase? Ugh.
@saylor $BTC is cryptogold. Which other top crypto would you recommend to MicroStrategy to buy? $ETH, $MATIC, $SHIB, $BNB
@saylor I have the feeling the more btc is accumulated in 1 private companies hands, the more pointless it becomes. Don't you think?
@saylor Let's reflect on this for a second: 6,455 bitcoin...just like that! 🫣
@saylor Curious how does the 22% discount part work? The plan was trading at a discount on the secondary market?
@saylor So they’re down like less than 7% on the investment. Does anyone know how much they’d be down had they invested in Treasuries instead?