Strategy’s Crash Rumors Intensify, CEO Reveals When $46 Billion In Bitcoin Will Be Sold
Strategy CEO Phong Le has revealed the occasion during which his firm could also be compelled to promote its Bitcoin holdings. This comes amid issues in regards to the MSTR stock crash, which places the corporate susceptible to seeing its mNAV drop beneath 1.
Strategy CEO Reveals When They Will Sell Bitcoin
During an interview on the ‘What Bitcoin Did’ podcast, the Strategy CEO stated they may promote Bitcoin to fund dividend funds on their most well-liked shares if the mNAV is buying and selling beneath 1. He alluded to the BTC yield, which is their major KPI, and that underneath 1x mNAV, it’s extra “inventive” to promote their BTC holdings to pay the dividends.
The Strategy CEO defined that they usually elevate capital when their mNAV is above 1 to satisfy their obligations, even when it’s beneath 1. He alluded to the 2022 crypto winter after they purchased again their Bitcoin-backed loans as proof that that they had ready upfront for such market situations. However, when they’re unable to lift capital, Phong Le said that they’ll haven’t any possibility however to promote their BTC holdings.
Strategy data exhibits that their mNAV is presently at 1.19. Meanwhile, the corporate presently holds 649,870 BTC, price round $55 billion. With the MSTR stock on a downtrend, Michael Saylor’s firm nonetheless faces the danger of seeing its mNAV fall beneath 1 for a sustained interval. TradingView information exhibits that the inventory is now down over 40% year-to-date (YTD) from a 2025 high of round $455.
There have been not too long ago rumors that Strategy supposedly offered a few of its Bitcoin holdings, which Saylor shortly denied. The firm then went on to make one among its largest purchases this yr, shopping for 8,178 for $836 million. This fashioned a part of the proceeds from the corporate’s STRE providing.
Saylor Teases Another Bitcoin Purchase
In an X post, Michael Saylor teased one other Bitcoin buy from Strategy. He posted the corporate’s BTC portfolio tracker with the caption, “What if we begin including inexperienced dots?” It is price noting that these typical Sunday posts have normally preceded a BTC purchase announcement by the corporate the next day.
Based on this, Strategy doubtless purchased extra Bitcoin between November 24 and 30 final week. This comes amid the Bitcoin downtrend, with the flagship crypto once more dropping beneath the psychological $90,000 degree. Besides the BTC crash, the potential of an exclusion from MSCI indices is one other issue that paints a bearish image for Saylor’s firm. The MSCI will determine by January subsequent yr whether or not treasury corporations like Strategy ought to stay of their indices.
At the time of writing, the BTC value is buying and selling at round $86,000, down over 5% within the final 24 hours, in keeping with data from CoinMarketCap.
