{"id":13465,"date":"2020-09-19T22:06:56","date_gmt":"2020-09-19T22:06:56","guid":{"rendered":"https:\/\/www.duck9.com\/?p=13465"},"modified":"2020-09-19T18:17:19","modified_gmt":"2020-09-19T22:17:19","slug":"how-michael-saylor-ceo-microstrategy-manages-corporate-cash","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/how-michael-saylor-ceo-microstrategy-manages-corporate-cash\/","title":{"rendered":"How Michael Saylor, CEO Microstrategy, Manages Corporate Cash"},"content":{"rendered":"<div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\">\u00e2\u20ac\u0153To acquire 16,796 BTC (disclosed 9\/14\/20), we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each 3 seconds. ~$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward spike.\u00e2\u20ac\u009d<\/span><\/p>\n<table style=\"border:1px solid black;padding:8px;\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1292849403989037065\/3IKaJgh6_normal.jpg\" style=\"width:48px;height:48px;padding-right:8px;\"><\/td>\n<td><b>Michael Saylor (<a href=\"https:\/\/twitter.com\/michael_saylor?s=11\">@michael_saylor<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/michael_saylor\/status\/1306940165160656897?s=11\">9\/18\/20, 7:56 AM<\/a><\/div>\n<div>To acquire 16,796 BTC (disclosed  9\/14\/20), we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each 3 seconds. ~$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward spike.<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/div>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><\/div>\n<div dir=\"ltr\">\n<div><span style=\"background-color: rgba(255, 255, 255, 0);\"><a href=\"https:\/\/www.youtube.com\/watch?v=\">https:\/\/www.youtube.com\/watch?v=<\/a><\/span><span style=\"font-size: 13pt;\">ejeIz4EhoJ0<\/span><\/div>\n<div><\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u00e2\u20ac\u0153To acquire 16,796 BTC (disclosed 9\/14\/20), we traded continuously 74 hours, executing 88,617 trades ~0.19 BTC each 3 seconds. ~$39,414 in BTC per minute, but at all times we were ready to purchase $30-50 million in a few seconds if we got lucky with a 1-2% downward spike.\u00e2\u20ac\u009d Michael Saylor (@michael_saylor) 9\/18\/20, 7:56 AM To [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-13465","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13465","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=13465"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/13465\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=13465"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=13465"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=13465"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}