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Saylor’s Strategy Sells More Bitcoin: Is Another BTC Crash Coming?

Strategy has completed its second BTC sale in just over a month, announced the firm’s co-founder and former CEO, Michael Saylor.

The company has disposed of 3,588 BTC for $216 million to fund dividends on its Digital Credit securities. Its total holdings have dropped to 843,775 BTC, while its USD reserve remains at $2.55 billion.

In contrast to today’s sale, the company announced a major restructuring last week. Instead of making continuous bitcoin-only buys, it launched the Digital Credit Capital Framework to enhance liquidity and long-term BTC exposure.

It increased its USD reserves to $2.55 billion, covering 17.4 months of dividend payments. However, it warned that it could sell up to $1.25 billion in BTC to expand that dividend payment period to over 25 months.

Before the announcement mentioned above, Saylor republished a recent post of his regarding the state of bitcoin and its future development. He believes the cryptocurrency and the blockchain behind it will evolve by “changing less at the protocol layer and mattering more everywhere else.”

He added that the base layer will eventually harden, the capital markets will deepen, and digital credit will expand, as the “world will build on Bitcoin.”

 

A poszt Saylor’s Strategy Sells More Bitcoin: Is Another BTC Crash Coming? jelent meg először a CryptoPotato.


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