MICROSTRATEGY ADMITS A BITCOIN SALE IS POSSIBLE—HERE’S WHEN
https://s.yimg.com/ny/api/res/1.2/b8ufJl_iWe9wumvmLaV6Rg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD02NzU-/https://media.zenfs.com/en/beincrypto_us_662/a8798a658c000d77bfc6d5492b55a286
✍️ MicroStrategy CEO Phong Le has acknowledged that the company could sell its 649,870 BTC holdings under specific crisis conditions, marking a shift from the company's previous 'never sell' philosophy.
👉 MicroStrategy could sell its 649,870 BTC holdings if its stock trades below 1x mNAV and it is unable to raise new capital through equity or debt issuance 👉 The company's market value to net asset value (mNAV) premium has nearly vanished for the first time since early 2024 👉 MicroStrategy faces a new constraint as the mNAV premium that powered its Bitcoin-accumulation flywheel has nearly vanished 👉 The company could be pushed toward BTC-funded dividend obligations if mNAV falls below 0.9x 👉 Analysts warn of a structural shift in MicroStrategy's business model, transforming it into a 'leveraged Bitcoin ETF with a software company attached'
-- #PhongLe #MichaelSaylor #ABKuaiDong #LarryLanzilli #technology
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