Derived from FinBold, Michael Saylor’s Strategy (NASDAQ: MSTR), formerly MicroStrategy, has outlined the conditions under which it would sell its Bitcoin holdings. According to CEO Phong Le, the firm would consider selling Bitcoin only if its stock fell below net asset value and it lost access to new capital. The company currently holds 649,870 BTC valued at $59.33 billion, with a profit margin of 22.66%. Strategy’s business model relies on maintaining a stock premium to net asset value to raise equity and buy more Bitcoin. If the premium disappears and equity becomes too dilutive, selling Bitcoin to meet obligations would become a fallback. The firm faces pressure due to rising fixed payouts tied to preferred shares maturing in 2025.
Michael Saylor’s Strategy Outlines 'Last Resort' Conditions for Bitcoin Sale
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