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Saylor’s Comment Hints at Strategy’s Potential Bitcoin Purchases
Michael Saylor's recent post has sparked speculation about new Bitcoin purchases by Strategy. The company's current Bitcoin holdings are valued at approximately $60 billion, with 649,870 Bitcoins acquired over 87 transactions.
Saylor’s Comment Spurs Market Talk
- Saylor hinted at potential future Bitcoin buys, represented by "green dots" on a portfolio chart.
- The timing coincides with increased market volatility, making institutional buying notable.
CEO Outlines Selling Conditions
- CEO Phong Le stated that selling Bitcoin would only occur in extreme situations, such as when market values fall below net asset value (NAV).
- Strategy plans to meet dividend obligations by raising capital if stock trades above NAV.
Debt and Dividend Plans
- Strategy maintains it can support dividends even under stress, aided by a BTC Credit dashboard for investor transparency.
- Average Bitcoin purchase price is around $74,000.
Market Slide Tests Confidence
- Bitcoin recently dropped below $86,000, losing 6% in one session after peaking above $126,000 in October.
- Ethereum also fell over 7% to about $2,800 amid broader market risk concerns.
Strategy’s Position Amid Pullback
- Strategy faced pressure previously when Bitcoin neared $90,000.
- The company remains committed to long-term Bitcoin holding despite short-term fluctuations.
- Saylor's hint and Le's comments suggest openness to buying dips and clear selling guidelines.
The upcoming period will indicate whether Strategy will add more Bitcoin amidst market conditions.