Michael Saylor teases more bitcoin buying even as Strategy stock continues to fall
The crypto bull shrugged off market skepticism by sharing a chart of the company’s $50 billion stash and teasing that they are going to need more data points.
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The crypto bull shrugged off market skepticism by sharing a chart of the company’s $50 billion stash and teasing that they are going to need more data points.
Bitcoin has long been lumped in with precious metals as a hedge against a weakening dollar. That trade is unwinding on a hawkish Fed, and bitcoin is falling alongside the metals it was supposed to rival.
For years, investors had valued the firm well above its bitcoin holdings, giving Strategy massive flexibility to raise capital as needed — a situation Michael Saylor and team took full advantage of.
Investors are watching the preferred stock’s ex-dividend date and monthly dividend rate reset closely.
The real estate investor pitched his model as a treasury company backed by cash-flowing property rather than stock sales, framing the slide in bitcoin as a chance to accumulate.
Strategy’s paper loss exceeds the market caps of hundreds of tokens, highlighting the extreme concentration of risk in the crypto market right now.
BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.
STRC was marketed as a low volatility income product designed to trade near $100, and its sharp decline has undermined investor trust.
Hyperion Decimus’ Chris Sullivan said four historically reliable indicators have aligned, leaving bitcoin one move away from confirming a major turning point.
Derivatives markets signal that betting on further slide in prices is getting overcrowded, setting up for a potential snapback.