After several days of continuous surge, Microstrategy's market value exceeded 100 billion US dollars. This company can be said to be nothing except the Bitcoin it holds
The Bitcoin it holds is currently worth 35 billion US dollars. The principal for purchasing Bitcoin is about 20 billion US dollars, and it has earned 15 billion
That is to say, the company's price-to-book ratio is 3 and the price-to-earnings ratio is 6.5
At first glance, this financial data can be said to be a very good listed company. . . But considering that the main business of this company is to borrow money to buy Bitcoin. . .
It feels weird. . According to our Chinese thinking, it is speculation and not doing business properly. I am afraid there will be no good end. . .
But we don't need to worry about Microstrategy. The executives bought the company's stock at a price of 17 US dollars and sold it at a price of 350 dollars. . .
Tens of millions have been earned. . .
BTC has been very bullish these days, but Microstrategy is even more bullish. BTC rose by 2 points, while it will rise by 10 points or 15 points.
But yesterday, that is, on the night of December 21, Microstrategy, which still rose by 10% before the market opened, fell all the way after the opening, and finally closed down by 16 points.
I said in the previous article that
There are two key points in the current BTC bull market:
1 When will BlackRock sell its shares?
2 When will Microstrategy fall?
Today, BTC rushed to a height of 99420, just one step away from 100,000.
I still think that today, that is, on the night of November 22, Friday, after the US stock market opens, the bulls will break through the 100,000 mark.
The market after the breakthrough must be extremely exciting.
ETH+altcoins suddenly started to move at night. The atmosphere and logic of the market have changed slightly.
Bitcoin was originally around 98,000 and was doing well. Just waiting for the opening of the US stock market tonight and cooperate with M's offensive to take 100,000 in one wave.
After starting at a low level, BTC fell back to around 97,000.
BlackRock originally only needed to buy 2,3k to easily exceed 100,000.
In this way, if you don't invest more than 5k in Bitcoin, 100,000 may not be broken.
The stretch of the altcoin at this point seems to be a general rise.
But may I ask if you are the big dealer in it?
Are you going to run away or not?
Bitcoin is about to reach 100,000. How much space and story space are there behind it?
There will be a bunch of poor small investors who will be stuck in this seemingly fierce rise.
1 BlackRock bought 993, 2358, and 6798 units on the 18th, 19th, and 20th respectively, showing a continuous inflow trend. 2 Microstrategy After several days of significant increases, its market value has reached $96 billion, with the BTC it holds valued at $30 billion, and it plans to issue $2.6 billion in notes to continue buying. At the current price, it could sell for about $27,000. 3 BCH has seen a rebound, with a single-day increase of nearly 20%, and LTC has also risen by 8% to $90.
BTC also saw an effortless rise during the day on the 21st, reaching a high of $97,852. It can be said that reaching $100,000 tonight is almost not difficult.
The focal point of the entire BTC market lies with BlackRock and Microstrategy. These two institutions are currently lobbying for the establishment of a BTC national reserve in the United States... creating a new narrative for a rising trend.
The current market focus is on the $100,000 threshold. Everyone, even the most steadfast bears, will likely admit that breaking through $100,000 is a matter of the next day or two, or even a few hours.
Can BlackRock and Microstrategy really achieve a state of only consuming without any outflow?
And is it true that BTC can stand firmly at $100,000 without needing any correction?
Currently, the perpetual funding rate for BTC has returned to a neutral level of 0.0001. What will happen next? We shall see. #BTC何时突破10万?
Two new coins went online all of a sudden Expected to consume 10e dollars in on-site funds The momentum of altcoins rising should be halted This short position has resisted from 62000 to the current 82000 Really can't handle it anymore Thanks to Binance for the rescue, haha
$BTC $ETH $BNB Binance is far ahead in many aspects But I really don’t understand why there are so many scammers in the square who take orders and don’t care Anyone with a little financial knowledge knows that if there is really a 51% winning rate, then it is not difficult to make as much money as you want I am so bored that I take people for a little threshold fee Brothers, remember what I said before you have a lot of trading experience Don’t touch contracts Even if you have, don’t bet your life on it No one around me who touches contracts makes money Remember, people with real skills will not take orders The so-called record is not worth mentioning. I opened two accounts, one said it would rise The other said it would fall, and one must be right Even if I lose, I lose clearly myself, don’t feed u to the scammers in the square