Strategy CEO Says No Bitcoin Sale till 2065 Despite BTC Losing $90K Support
Bitcoin dipped below $90,000 after heavy liquidations. Strategy’s CEO vows not to sell.
Bitcoin dipped below $90,000 after heavy liquidations. Strategy’s CEO vows not to sell.
Strategy is in discussions with MSCI over whether it still qualifies for key equity benchmarks as analysts warn of billions in forced outflows if it gets removed.
Michael Saylor’s Strategy has revealed that even with Bitcoin’s price crash, it still has 71 years of dividend coverage.
Bitcoin plunged 35% from its peak to $92,900 as long-term holders sold off ahead of critical US congressional votes, while the White House reviews expanded IRS oversight of foreign crypto holdings.
Strategy Inc acquired 487 Bitcoin for approximately $49.9 million using preferred stock sales, pushing its total holdings to 641,692 BTC with $20.29 billion in unrealized gains.
Michael Saylor’s Bitcoin treasury is preparing for another Bitcoin accumulation following a successful raise in Europe.
Strategy Inc completed a €620 million preferred stock offering, upsizing 121% from initial proposal. Proceeds target Bitcoin acquisition and operations with settlement Nov. 13.
Analyst Willy Woo stated that Strategy is unlikely to sell its Bitcoin holdings to repay its $1.01 billion debt as MSTR stock faces strong selling pressure.