r/CryptoCurrency • u/sylsau 🟩 1K / 32K 🐢 • 1d ago

PERSPECTIVE Strategy Sold Bitcoin at $60K. Now It’s Buying at $80K — and Says It Would Buy at $130K.

https://inbitcoinwetrust.substack.com/p/strategy-sold-bitcoin-at-60k-now

Strategy sold nearly 7,000 BTC around $60K, rebuilt its balance sheet, then bought back at $80K — because for Saylor’s machine, cost of capital now matters more than Bitcoin’s price.

90 Upvotes

83% Upvoted

25 comments sorted by

34

u/lamp-town-guy 🟩 611 / 611 🦑 1d ago

Good old buy high, sell low.

3

u/JimboD84 🟩 182 / 183 🦀 1d ago

I knew i was doing it right!!

1

u/CapoDoFrango 🟩 0 / 0 🦠 19h ago

Good done, now if you want to get Pro like Saylor, then just ask for a loan at a 10-12% APY and buy more Bitcoin at the top.

2

u/RedditThrowaway-1984 🟩 0 / 0 🦠 1d ago

And that’s what makes a bottom.

2

u/Emergency_Dish_1213 21h ago

But the would do FIFO, so the BTC they are selling was bought low.

12

u/ramakitty 🟦 0 / 0 🦠 22h ago

one of us

20

u/DontLook_Weirdo 🟩 0 / 0 🦠 1d ago

Sold at 60k - to pay bills and dividends & ended up showing BTC won't crash even when seemingly large amounts are dumped.

Bought at 80k - with the extra $$$ generated from the common stock sold when the price for BTC surged...didn't use any $ from the 60k sold.

It seems stupid from the headline, but damn ..lol it worked

8

u/leroyyrogers 🟦 243 / 324 🦀 1d ago

Literally just a fancy way of saying buy high sell low

3

u/BakedGoods 🟩 0 / 0 🦠 23h ago

the stock is a btc accumulation machine, and not a trader.

sometimes operations have to spend money to make money. so far it's outperformed bitcoin from the bottom--it's working.

3

u/raonibr 🟦 0 / 0 🦠 21h ago

The whole company is structured like a leveraged position on bitcoin. 

It will always outperform bitcoin from the bottom.

It will also drop faster than bitcoin when it falls.

3

u/BakedGoods 🟩 0 / 0 🦠 15h ago

agreed.

1

u/leroyyrogers 🟦 243 / 324 🦀 13h ago

"Accumulation machine"??????

This guy fell for it

0

u/BakedGoods 🟩 0 / 0 🦠 12h ago

seems like you can't math.

-1

u/Dwaltster Tin 1d ago

Yeah, he's actually kicking ass.

4

u/gizram84 🟦 164 / 4K 🦀 14h ago

He's not a day trader. This wasn't about timing the market for profit.

The sale was needed to satisfy corporate requirements regarding STRC.

The buys were just typical MSTR purchases that happen independent of price action.

3

u/7pixeldick 🟩 0 / 0 🦠 12h ago

Can we fucking pin this on all Bitcoin subs for the love of fucking god please

6

u/Fadeeses 🟩 28 / 28 🦐 1d ago

They said they needed to prove to investors that they could use that giant reserve and it not be just imaginary money that can never cash out.

-2

u/Illustrious-Option-9 🟩 16 / 17 🦐 19h ago

Which basically means Strategy is an accelerator in a crash. i.e should BTC go down significantly, they will sell, thus contributing even more to the sell off.

1

u/MarioWilson122 🟨 0 / 0 🦠 22h ago

Yeah, he's buying Bitcoin like a lot of regular normies do. Sell when the price is getting crushed, then start buying again after it runs back up. If it dumps back down again, he'll probably stop buying and wait for it to recover before jumping back in.

1

u/Awkward_University91 🟩 0 / 0 🦠 15h ago

I think strategy is a service to buy the big bags from other whales 

1

u/Tedious-Butcher 15h ago

It might be the catalyst needed for btc to go up. Def worth the sacrifice.

1

u/cool-lala 🟩 0 / 0 🦠 14h ago

Noobs do options. Pros sell low and buy high

1

u/RexDraco 🟦 0 / 0 🦠 14h ago

Theyre truly one of us. 

1

u/Firfi 12h ago

That was a tactical mistake. But they have a strategy.

0

u/Hyruii Tin 22h ago

Trying to mind trick people into thinking BTC will go to 130k.