💔 Saylor’s Bitcoin Gamble: Titanic or Triumph? 💸

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In the dusty town of Finance, where numbers dance and fortunes fall like autumn leaves, a tale unfolds. The stock of Strategy, a company that dabbles in the mystical arts of business intelligence and Bitcoin, took a tumble. More than an 11% dive in a single day, it plunged to the depths of $250 in the twilight hours of trading, or so Google Finance tells the tale.

And oh, the year has not been kind. The stock, known by the cryptic symbol MSTR, has seen a 13.5% haircut since January’s dawn, battered by the crypto market’s tempest that swept away a whopping $270 billion in a mere couple of days. It’s enough to make a man consider moonlighting, and founder Michael Saylor jests about just that—picking up a second gig to scoop up more of that sweet, sweet Bitcoin as it crashes to a three-month low of $86,000 on a fateful Tuesday.

Considering a second job to acquire more Bitcoin. 😂

— Michael Saylor (@saylor) February 25, 2025

Now, whispers float through the air like the scent of a bakery—could Strategy be forced to sell off its precious BTC hoard? The Kobeissi Letter, a scribe of such matters, suggests the stock’s more than 55% fall from its zenith might just spell “forced liquidation” if Bitcoin’s value sinks below the firm’s average buy-in price of $66,380 per coin.

But fear not, for Strategy’s pile of 499,096 BTC, worth a cool $44.3 billion, still gleams with a profit of nearly 34%, despite recent acquisitions turning sour. And Saylor, with his 46.8% voting power, is hardly likely to let the ship sink without a fight. Shareholder-driven liquidation? As likely as a fish riding a bicycle.

The MicroStrategy liquidation saga:

As MicroStrategy, $MSTR, takes a dive, tongues wag about “forced liquidation.”

$44 BILLION in Bitcoin—will they sell? Can they sell?

Is it just a myth? Stay tuned to find out.

(a thread) 😵‍💫

— The Kobeissi Letter (@KobeissiLetter) February 25, 2025

Elsewhere in the crypto realm, Bitwise Invest’s Hougan speaks of the market’s indigestion, churning from the end of the meme coin frenzy and the Lazarus Group’s crafty use of said coins to wash their pilfered ETH. Yet, he assures us, the future is bright with institutional Bitcoin love, stablecoins, and a DeFi renaissance on the horizon. Until then, the market may drag its feet like a weary traveler.

For now, the crypto world hovers at a total value of $3 trillion, with Bitcoin, a bit worse for wear, trading at around $88,600 after a 4% drubbing.

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2025-02-26 09:51