BlockBeats news, on December 2, MicroStrategy first hinted at the “possible sale of coins.” The company announced it would raise funds through a secondary offering to establish a $1.44 billion cash reserve to cope with the “Bitcoin winter,” and stated that if the internal indicator mNAV falls below 1 and it is unable to refinance, it would consider selling part of its Bitcoin. This news breaks its long-standing image of “never selling coins,” coupled with the pressure of approximately $82 billion in convertible bonds, causing its stock price to plunge over 12% during trading on Monday, with the year's decline expanding to about 40%, while Bitcoin also fell over 4%. BiyaPay analysts believe this signals that leading institutions are beginning to reserve the “abandon the vehicle to save the commander” option for extreme market conditions, which may intensify the Fluctuation of Bitcoin and related concept stocks in the short term. Users can trade US stocks MSTR and Bitcoin and other digital assets on BiyaPay using USDT, but it is currently more necessary to control leverage and Position to avoid passive stop loss in high volatility.
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BiyaPay Analyst: Bitcoin's first stock MSTR mentions selling coins for the first time.
BlockBeats news, on December 2, MicroStrategy first hinted at the “possible sale of coins.” The company announced it would raise funds through a secondary offering to establish a $1.44 billion cash reserve to cope with the “Bitcoin winter,” and stated that if the internal indicator mNAV falls below 1 and it is unable to refinance, it would consider selling part of its Bitcoin. This news breaks its long-standing image of “never selling coins,” coupled with the pressure of approximately $82 billion in convertible bonds, causing its stock price to plunge over 12% during trading on Monday, with the year's decline expanding to about 40%, while Bitcoin also fell over 4%. BiyaPay analysts believe this signals that leading institutions are beginning to reserve the “abandon the vehicle to save the commander” option for extreme market conditions, which may intensify the Fluctuation of Bitcoin and related concept stocks in the short term. Users can trade US stocks MSTR and Bitcoin and other digital assets on BiyaPay using USDT, but it is currently more necessary to control leverage and Position to avoid passive stop loss in high volatility.