Strategy Considers Bitcoin Sale, Revises Price Forecast Amid Market Turmoil

Bitcoin's price has fallen below $85,000 amid speculation that Strategy (formerly MicroStrategy) might sell some of its BTC holdings.

Strategy CEO Phong Le mentioned the potential necessity of selling BTC if the company's stock trades below the value of its Bitcoin holdings and if raising additional capital becomes challenging.
A forced sale is speculated as preferred dividend payments are due on December 31.
Strategy established a USD reserve of $1.44 billion to cover dividends and debt interest, funded by selling class A common stock, which led to an 11% drop in its stock price.

Revised BTC Price Forecast

Strategy downgraded its Bitcoin price forecast from $150,000 to a range of $85,000 to $110,000.
The yield forecast was lowered to 24% from 30%, with projected gains dropping from $20 billion to $10.6 billion.

Despite public statements against selling, private discussions suggest possible strategic shifts.

Strategy

Currently, Bitcoin trades at $84,880, suffering losses of over 7% in the last 24 hours.