Is Microstrategy Talking Their Book?

Microstrategy made headlines across the financial world again yesterday when a meme posted by Elon Musk sparked a response from Microstrategy’s CEO Saylor. MSTR’s Saylor advised Elon to “convert the TSLA balance sheet from USD to Bitcoin” and stated that he had “already purchased over $1.3 Billion dollars worth of Bitcoin in the past few months.”

Elon even entertaining the idea with a response is big news across the financial and cryptocurrency world, as Elon is currently the 2nd richest man alive.

However, given that Twitter is such a public forum, it may be hard to not view Saylors’ comments as “talking his own book”; since any large purchases from this point forward would likely create two beneficial scenarios for Microstrategy:

  1. Further gains on MSTR’s current holdings
  2. An opportunity for MSTR to sell their holdings at even higher prices.

Every large buyer needs a large seller on the opposite side of the transaction. Saylor has publicly positioned Microstrategy as a large holder. There is a significant amount of regulatory risk in holding positions of this size for publicly trading companies, and new rules are being released all the time by the US Govt. Saylor’s Twitter timeline is full of tweets about the future prospects of Bitcoin and his vision for it going forward. As the Bitcoin price continues to rise, and MSTR continues to buy more Bitcoin, Saylor has become even more outspoken about talking his book.


Elon Bitcoin Meme
Elon Tweets Bitcoin Meme
Saylor's Response to Elon
Saylor’s Response to Elon

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