- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Winter Olympics
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Anyone buying MicroStrategy Inc (MSTR)?
Posted on 11/21/24 at 1:43 pm to beaverfever
Posted on 11/21/24 at 1:43 pm to beaverfever
My many concern is the "out of nowhere" dumps that some of us aren't quick enough to see (yet). I read somewhere that a large chunk is owned by less than a handful of institutional players, and if one starts dumping then others will too. Obviously this is apart of the game, but just wondering how to see if that is happening or not. IE...how does someone see early if todays drop was apart of that, so to get out in the 500 range?
I bought in to learn more about how to watch BTC, and the price has been mirroring BTC pretty close. Today though has definitely changed that. If it were to have stayed then MSTR should be 500+ while BTC dances in the 98k range. Instead of continuing to go down, and now in the 430 range.
Trying to understand the after/pre-markets after close will be interesting imo, as they followed each other well when i checked this morning. Though MSTR dropped/stayed down during the day, while BTC went back up and is dancing where it was.
I bought in to learn more about how to watch BTC, and the price has been mirroring BTC pretty close. Today though has definitely changed that. If it were to have stayed then MSTR should be 500+ while BTC dances in the 98k range. Instead of continuing to go down, and now in the 430 range.
Trying to understand the after/pre-markets after close will be interesting imo, as they followed each other well when i checked this morning. Though MSTR dropped/stayed down during the day, while BTC went back up and is dancing where it was.
1
Posted on 11/21/24 at 1:46 pm to bayoubengals88
quote:
He thinks it'll be 13M per coin in twenty years.
Oh dang...hadn't seen that. thanks. Iirc he believes it will become a reserve currency for companies, but don't know much about how that is expected to work. thats about the most I know on his thoughts on where this is going and why his company is taking the approach it is.
Posted on 11/21/24 at 2:06 pm to beaverfever
quote:What?
Because the denominator (bitcoin held) is compounding. He’s essentially buying bitcoin for 1/3 of what it costs the rest of the world.
Posted on 11/21/24 at 2:23 pm to Big Scrub TX
Just fell through $400. From a high of around $540 today.
Posted on 11/21/24 at 2:24 pm to BuckyCheese
Good, let the scaredy cats jump off. Nvidia would do the same thing on the way up
This post was edited on 11/21/24 at 2:25 pm
Posted on 11/21/24 at 2:28 pm to bayoubengals88
I’m back in this bitch 390
Posted on 11/21/24 at 2:30 pm to BuckyCheese
quote:Saylor selling shares, getting us ready to see $600 next week when Bitcoin breaks through 100k.
Just fell through $400. From a high of around $540 today.
Or something else, idfk.
Posted on 11/21/24 at 2:38 pm to BuckyCheese
Yeah I am nibbling at some more before the bell.
Posted on 11/21/24 at 3:16 pm to LSUSLU106
Posted on 11/21/24 at 3:23 pm to bayoubengals88
Posted on 11/21/24 at 3:39 pm to bayoubengals88
i read an interesting article the other day (and this may be old news to y'all) that these notes will be offered to underfunded pension funds that are restricted as to what they can and cannot buy...in other words the pensions cant buy stock, but they can buy these notes
pretty eye opening
pretty eye opening
Posted on 11/21/24 at 3:51 pm to cgrand
Really interesting. Would like to read it if you can find it.
Y'all tell me if I have the gist of this and please add further implications if you will: buy cheap debt/borrow money, sell stock at high prices, pay off debt by issuing stock to the debtor, take proceeds from sale of stock to buy BTC, Bitcoin goes up, rinse and repeat.
Y'all tell me if I have the gist of this and please add further implications if you will: buy cheap debt/borrow money, sell stock at high prices, pay off debt by issuing stock to the debtor, take proceeds from sale of stock to buy BTC, Bitcoin goes up, rinse and repeat.
Posted on 11/21/24 at 4:00 pm to bayoubengals88
The full PR is helping me to understand a bit better.
Full Press Release
quote:
TYSONS CORNER, Va., November 21, 2024 — MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that it completed its previously announced offering of its 0% convertible senior notes due 2029 (the “notes”). The aggregate principal amount of the notes sold in the offering was $3 billion, which includes $400 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 3-day period beginning on, and including, the date on which the notes were first issued, granted to the initial purchasers under the purchase agreement for the notes, which the initial purchasers exercised in full on November 20, 2024 and which additional purchase was completed on November 21, 2024. The notes were sold in a private offering only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
Full Press Release
Posted on 11/21/24 at 4:12 pm to bayoubengals88
Oh boy did I pick a great day to go golfing and not look at my phone. What a doozy. Added some shares at the close. I bet we are back $500+ in December
Posted on 11/21/24 at 4:38 pm to beaverfever
quote:
Because the denominator (bitcoin held) is compounding. He’s essentially buying bitcoin for 1/3 of what it costs the rest of the world.
No, not at all.
The market is acting like he can buy BTC at 1/3rd the price. That’s a very big difference.
Posted on 11/21/24 at 5:30 pm to HagaDaga
quote:I believe it’s down today for the same reason it was down when Bitcoin surged past 90-92k last week.
I bought in to learn more about how to watch BTC, and the price has been mirroring BTC pretty close. Today though has definitely changed that. If it were to have stayed then MSTR should be 500+ while BTC dances in the 98k range. Instead of continuing to go down, and now in the 430 range.
Saylor issuing more shares to buy more Bitcoin. I’m extremely new to this but it seems like Saylor has been doing this on great Bitcoin days to hedge the “bad publicity” of MSTR temporarily being down. There’s so much good news right now that MSTR being down gets lost. Then the next week it skyrockets. Seems better than the main news being flat Bitcoin with MSTR tanking when he issues more shares.
Some more experienced guys in here might totally disagree, and rightfully so, if so.
I would not be surprised if MSTR absolutely skyrockets next week.
Posted on 11/21/24 at 7:04 pm to ReauxlTide222
Thanks. Didn't catch that he sold more to buy more BTC. Makes sense it brings it down. Just wish we knew he was doing it. 
I wonder if there is an early indicator of when he is doing that, unless I'm missing that he announces it twitter.
I wonder if there is an early indicator of when he is doing that, unless I'm missing that he announces it twitter.
Posted on 11/21/24 at 7:10 pm to HagaDaga
Anyone buying the 2X ETFs for MSTR?
MSTX, MSTU, any others? Looking at aftermarket #s looks like MSTX is popping a higher percentage.
Anyone buy the short ETFs like MSTX or SMST when they think they'll be a drop like today?
Just looking to see if anyone has experience with these ETFs and if they are easy to get in and out of it anything to look out for with these.
MSTX, MSTU, any others? Looking at aftermarket #s looks like MSTX is popping a higher percentage.
Anyone buy the short ETFs like MSTX or SMST when they think they'll be a drop like today?
Just looking to see if anyone has experience with these ETFs and if they are easy to get in and out of it anything to look out for with these.
Posted on 11/21/24 at 7:16 pm to bayoubengals88
quote:
TYSONS CORNER, Va., November 21, 2024 — MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that it completed its previously announced offering of its 0% convertible senior notes due 2029 (the “notes”). The aggregate principal amount of the notes sold in the offering was $3 billion, which includes $400 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 3-day period beginning on, and including, the date on which the notes were first issued, granted to the initial purchasers under the purchase agreement for the notes, which the initial purchasers exercised in full on November 20, 2024 and which additional purchase was completed on November 21, 2024. The notes were sold in a private offering only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).
Can someone explain this to me like I'm a 4th grader with no Finance degree?
thx Posted on 11/21/24 at 7:56 pm to HagaDaga
People gave him $3 billion to do whatever he wants with and they are charging him 0% interest to take their money. In return, he is providing them convertible bonds which at the end of 5 years, the bond holders will either be able to get their money back (if share price is below the convertible strike price [not sure what the term for this is]). If the share price is above the convertible strike price, they can convert the bond for shares. The convertible strike price was a 55% premium over yesterday’s close price. So if yesterday closed at $500 (using round numbers), the bond holders are not in profit until MSTR share price is $775 or higher.
That’s the high level look at what’s going on with these convertible debt offerings without getting too much in the weeds about the various strategies these bond holders have
ETA: oh and “$3 billion to do whatever he wants” means he’s only buying Bitcoin and that’s all he will ever do with these debt offerings
That’s the high level look at what’s going on with these convertible debt offerings without getting too much in the weeds about the various strategies these bond holders have
ETA: oh and “$3 billion to do whatever he wants” means he’s only buying Bitcoin and that’s all he will ever do with these debt offerings
This post was edited on 11/21/24 at 7:59 pm
Page 19 of 43
Popular
Back to top
Follow TigerDroppings for LSU Football News