in

How Microstrategy Invested $425 MM in Bitcoin Without Moving Its Price (short audio clip from Michael Saylor’s appearance on The Pomp Podcast)

How Microstrategy Invested $425 MM in Bitcoin Without Moving Its Price (short audio clip from Michael Saylor’s appearance on The Pomp Podcast)



View Reddit by PodClipsAppView Source

What do you think?

Comments

Leave a Reply
  1. The idea that they “didn’t move the price” is kind of nonsense. They simply offset a large seller, which was lucky. 38,000 coins is always a very significant amount, no matter what bitcoin’s price is, or how liquid it is. This is the equivalent of buying 340 tons of gold. I guarantee you that would move gold’s price too.

  2. I heard on the Domain Sherpa podcast that they traded for hours to get the best price and not move the price up so much which is basically a short term dollar cost average strategy.

Leave a Reply

Your email address will not be published. Required fields are marked *

Loading…

0

Alibaba’s Jack Ma acknowledges the innovative essence of digital currencies

Microstrategy has earned $78 million in the last 3.5 years from their business operations. Microstrategy has earned $100 million in the last 2 months from their Bitcoin purchases.