History may not repeat itself, but it often rhymes. And MicroStrategy’s bid to inflate BTC’s fiat value is a dodgy limerick with a lousy punchline.
MicroStrategy (MSTR) keeps raising billions by taking on debt and issuing new shares, all to buy more BTC. It holds more than 2% of the 21 million BTC that will ever be issued, but that figure is likely higher given how much BTC is estimated to be permanently ‘lost.’
microstrategy.com/press/microstr…
Some have compared MSTR founder Michael Saylor to the Hunt brothers who tried to corner the silver market in the late-70s. The Hunts ultimately controlled around one-third of the silver supply not controlled by the world’s governments.
britannica.com/topic/Silver-T…
But there are notable differences, including the fact that—unlike BTC—silver has actual use cases, and not just making baubles or pricey utensils. For instance, the Manhattan Project required nearly 15,000 tons of silver to build the first atomic bomb.
But the ‘digital gold’ that is BTC is good only for financial speculation. Saylor himself trashes the idea that BTC could act as a currency, a direct rebuke of the Bitcoin white paper’s definition of ‘peer-to-peer electronic cash.’
youtu.be/R87vco0jHvo?si…
Another difference: the Hunts bought their silver in the shadows, while MSTR can’t be more public. As 2024 drew to a close, they announced BTC buys every Monday for two months straight—and kept going in 2025—while also revealing plans to raise up to $42 billion so they could keep buying.
Saylor’s account on this platform is a mix of BTC-themed verbal bafflegab and AI-generated Saylor-as-BTC-hero visuals. All of this is centered around the same message: buy BTC, buy it now and buy as much as you can.
There’s a hint of desperation in Saylor’s messianic messaging—he seems less interested in ensuring that people he’ll never meet enjoy financial success and more like he wants other people to assume the role of buying BTC so he doesn’t have to shoulder this load all by himself.
A new JPMorgan report says MSTR accounted for 28% of total capital inflow into ‘crypto’ markets in 2024. Considering MSTR’s focus is solely on BTC, its influence on that particular token’s price would be even greater.
MSTR’s contribution to BTC’s price surge is greater still when you consider the number of people who don’t follow ‘crypto’ news all that closely but saw BTC’s price rising due to MSTR’s constant buying and caught the FOMO (fear of missing out) fever.
Keep that in mind every time you read some breathless report on BTC’s rising price, because without Saylor, there’d have been no headlines.
Saylor continues to beat the drum for other companies to follow MSTR’s lead. Some, mostly money-losing companies, including some prominent BTC block reward miners, have complied.
But Microsoft shareholders near-unanimously rejected the idea, despite Saylor making a personal pitch, because the company is highly profitable without these high-risk gimmicks, thank you very much.
bnnbloomberg.ca/business/compa…
Saylor has also been urging the U.S. government to follow MSTR’s lead, because it’s the only domestic entity with enough juice to relieve MSTR of its BTC-buying burden. Saylor paid a visit to Mar-a-Lago last week, presumably to pitch the president-elect on this subject.
Trump is hopefully also getting advice from those with less to lose should BTC fail to sustain its fiat gains. He needs to hear that blockchains were intended as transaction platforms—financial, data, whatever—not vaults for digital gold bricks.
bsvblockchain.org
The Hunt brothers’ silver play ended in failure (and eventual bankruptcy), while MSTR is (for the moment) enjoying record-high share prices. Saylor has taken full advantage of the surge, selling nearly $411 million worth of his MSTR shares last year.
blockworks.co/news/largest-s…
How’s this for a rhyming couplet? Pick up my guitar and play / just like yesterday / and I’ll get on my knees and pray / we don’t get fooled again.
Calvin Ayre
Jan 7, 2025
https://t.me/CalvinAyre/951
MicroStrategy (MSTR) keeps raising billions by taking on debt and issuing new shares, all to buy more BTC. It holds more than 2% of the 21 million BTC that will ever be issued, but that figure is likely higher given how much BTC is estimated to be permanently ‘lost.’
microstrategy.com/press/microstr…
Some have compared MSTR founder Michael Saylor to the Hunt brothers who tried to corner the silver market in the late-70s. The Hunts ultimately controlled around one-third of the silver supply not controlled by the world’s governments.
britannica.com/topic/Silver-T…
But there are notable differences, including the fact that—unlike BTC—silver has actual use cases, and not just making baubles or pricey utensils. For instance, the Manhattan Project required nearly 15,000 tons of silver to build the first atomic bomb.
But the ‘digital gold’ that is BTC is good only for financial speculation. Saylor himself trashes the idea that BTC could act as a currency, a direct rebuke of the Bitcoin white paper’s definition of ‘peer-to-peer electronic cash.’
youtu.be/R87vco0jHvo?si…
Another difference: the Hunts bought their silver in the shadows, while MSTR can’t be more public. As 2024 drew to a close, they announced BTC buys every Monday for two months straight—and kept going in 2025—while also revealing plans to raise up to $42 billion so they could keep buying.
Saylor’s account on this platform is a mix of BTC-themed verbal bafflegab and AI-generated Saylor-as-BTC-hero visuals. All of this is centered around the same message: buy BTC, buy it now and buy as much as you can.
There’s a hint of desperation in Saylor’s messianic messaging—he seems less interested in ensuring that people he’ll never meet enjoy financial success and more like he wants other people to assume the role of buying BTC so he doesn’t have to shoulder this load all by himself.
A new JPMorgan report says MSTR accounted for 28% of total capital inflow into ‘crypto’ markets in 2024. Considering MSTR’s focus is solely on BTC, its influence on that particular token’s price would be even greater.
MSTR’s contribution to BTC’s price surge is greater still when you consider the number of people who don’t follow ‘crypto’ news all that closely but saw BTC’s price rising due to MSTR’s constant buying and caught the FOMO (fear of missing out) fever.
Keep that in mind every time you read some breathless report on BTC’s rising price, because without Saylor, there’d have been no headlines.
Saylor continues to beat the drum for other companies to follow MSTR’s lead. Some, mostly money-losing companies, including some prominent BTC block reward miners, have complied.
But Microsoft shareholders near-unanimously rejected the idea, despite Saylor making a personal pitch, because the company is highly profitable without these high-risk gimmicks, thank you very much.
bnnbloomberg.ca/business/compa…
Saylor has also been urging the U.S. government to follow MSTR’s lead, because it’s the only domestic entity with enough juice to relieve MSTR of its BTC-buying burden. Saylor paid a visit to Mar-a-Lago last week, presumably to pitch the president-elect on this subject.
Trump is hopefully also getting advice from those with less to lose should BTC fail to sustain its fiat gains. He needs to hear that blockchains were intended as transaction platforms—financial, data, whatever—not vaults for digital gold bricks.
bsvblockchain.org
The Hunt brothers’ silver play ended in failure (and eventual bankruptcy), while MSTR is (for the moment) enjoying record-high share prices. Saylor has taken full advantage of the surge, selling nearly $411 million worth of his MSTR shares last year.
blockworks.co/news/largest-s…
How’s this for a rhyming couplet? Pick up my guitar and play / just like yesterday / and I’ll get on my knees and pray / we don’t get fooled again.
Calvin Ayre
Jan 7, 2025
https://t.me/CalvinAyre/951
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