Strategy Added 4,980 Bitcoin Last Week, Bringing Stack to 597,325 Coins \ stacker news ~Stacker

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Michael Saylor’s Strategy (MSTR) bought 4,980 bitcoin (BTC) for $531.9 million last week.

The company’s total bitcoin holdings now stand at 597,235 bitcoin acquired for $42.4B, or an average price of $70,982 each.

Strategy financed the purchase through $519 million of common share sales alongside about $59 million of STRK and STRF preferred stock sales.

Interesting they used MSTR ATM for most of the buy vs the preferred stock

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21 sats \ 0 replies \ @BlokchainB 30 Jun

STRK and STRF might become the main driver for BTC purchases in the long run @remindme in 5 years

102 sats \ 9 replies \ @guerratotal 30 Jun

When a single entity like MSTR holds nearly 600,000 BTC, the dream of decentralization begins to falter. For us small Bitcoiners, this represents a silent risk: if control becomes concentrated, so does the power to influence the market, and that goes against the original spirit of Bitcoin.

142 sats \ 3 replies \ @ek 30 Jun

Please explain how someone with a lot of bitcoin has more control over the bitcoin network.

0 sats \ 2 replies \ @guerratotal 30 Jun

If he sold those 600,000 bitcoins right now, how would the market turn out? I know he shouldn't do it, but it would be good to think about it. He could manipulate the market at will. If Elon Musk manipulated the market with a few tweets, imagine Saylor selling a good sum of those BTC. That's what I think. The trust that Bitcoin has been gaining so far would be completely lost. ETFs would be wiped out. So many things would happen with just a click.

I know it's somewhat utopian, so to speak, but I think it's worth thinking about. I don't know if you have a different perspective. Maybe you could clarify this for me.

37 sats \ 1 reply \ @ek 30 Jun

bitcoin's value comes from its fundamental properties and they don't change if somebody sells a lot of it

so I believe the market will recover

0 sats \ 0 replies \ @guerratotal 30 Jun

I also believe that the market would recover, but I question those things... I have absolute confidence in Bitcoin.

16 sats \ 3 replies \ @BlokchainB 30 Jun

It may seem that way to small fish but as long as you run your own node and validate your own transactions it will be very difficult for MSTR to have massive influence

0 sats \ 2 replies \ @guerratotal 30 Jun

But if 3% of the supply is in the hands of a public company and if we add to that the BTC that is in the hands of governments, custodians and ETFs, decentralization is no longer as real as it seems even if we validate blocks from home. It's not being pessimistic, but rather putting our feet on the ground a little. We are so anxious for governments to adopt BTC as currencies that I see it as if we are fighting for them to control us. I don't know, it's from my point of view. Maybe I'm wrong.

11 sats \ 1 reply \ @BlokchainB 30 Jun

We can’t predict the future but 3% of the supply is still minor plus MSTR doesn’t control all the nodes out there nor the miners. Plus the incentives are different from the node runners, miners, and institutional holders. If MSTR is a bad actor and try to do something only in their best interest or the governments the miners and node runners may not agree and MSTR and lose in a major way.

69 sats \ 0 replies \ @guerratotal 30 Jun

Interesting, I really still have a lot to learn. Thanks for helping me understand a little better.