According to Blockbeats, on December 2, MicroStrategy announced for the first time that it may sell its Bitcoin holdings. The company raised $1.44 billion through a share offering to establish a cash reserve to cope with the 'Bitcoin winter,' and stated that it would consider selling part of its Bitcoin if its internal metric mNAV falls below 1 and it cannot secure further financing. This breaks its long-standing 'never sell' stance. The announcement, combined with approximately $82 billion in convertible bond pressure, led to a more than 12% intraday stock price drop and a Bitcoin decline of over 4%. BiyaPay analysts believe this signals that major institutions are preparing contingency plans for extreme market conditions, which may further increase Bitcoin and related stock volatility in the short term.
MicroStrategy Considers Selling Bitcoin for the First Time Amid Financial Pressures
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