Strategy may be forced to sell Bitcoin to settle debts, breaking the "never sell" promise.

GateUser-6433627c · 2025-04-09T02:11:46+00:00

Strategy may have to sell Bitcoin to repay debts, contradicting Michael Saylor's promise to never sell Bitcoin. They have purchased Bitcoin at a high price, and a fall would result in huge unrealized losses. Currently holding 528,185 BTC, with a cost price of $67,458, valued at $40.119 billion.

GateUser-6433627c

2025-04-09 02:11:46

Abstract generation in progress

On April 9, according to the 8-K form submitted by Strategy (formerly MicroStrategy) to the SEC on April 7, if the price of Bitcoin continues to fall, Strategy may be forced to sell its Bitcoin holdings to meet debt obligations, breaking Michael Saylor’s promise of “never selling Bitcoin.” In the 8-K form, Strategy mentioned, “Since Bitcoin constitutes the majority of our assets on the balance sheet, if we cannot obtain equity or debt financing in a timely manner (or at all) on favorable terms, we may be forced to sell Bitcoin to fulfill financial obligations, and we may have to do so at prices below cost or other unfavorable prices.” Since Trump won the election in November 2024, Strategy has purchased 275,965 BTC (worth $25.73 billion) at an average price of $93,228, and this portion has incurred unrealized losses of $4.6 billion. According to StrategyTracker data, Strategy currently holds 528,185 BTC, with an average cost of $67,458, valued at $40.119 billion.

BTC0,84%

TRUMP2,34%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.