Strategy

Strategy acquired another 10,645 BTC for $980.3 million, bringing total holdings to 671,268 BTC worth $60 billion, while its stock underperforms Bitcoin and faces potential index exclusion.

Corné Marchand reviews a volatile week in crypto, discussing Strategy’s potential Bitcoin sales, macroeconomic trends, legal developments, and what to expect from the markets in the coming week.

Michael Saylor of Strategy has proposed that nations create digital banking systems backed by Bitcoin reserves, arguing this could attract trillions in capital and offer better savings rates. However, critics point to Bitcoin’s volatility as a significant risk.

Michaël van de Poppe explains his rationale for holding a personal altcoin portfolio that has seen a 75% drawdown, viewing it as a crucial phase in the market cycle and outlining his long-term strategy.

Bitcoin is reclaiming the $90,000 level, sparking renewed optimism. Analysts suggest the bull market may continue as institutional demand absorbs retail selling, while Strategy (formerly MicroStrategy) reinforces confidence with a nearly $1 billion Bitcoin purchase.

Michael Saylor’s Strategy has added 10,624 BTC to its treasury for $962.7 million, bringing its total holdings to over 660,000 bitcoin. The purchase comes amid recent criticism of Saylor.

This article explores the potential consequences for Bitcoin’s price if Strategy, the largest corporate holder, is forced to sell its 650,000 BTC. It examines the conditions under which Strategy might sell, the company’s financial mechanics, and various analyst predictions ranging from a temporary dip to a catastrophic flash crash.

Despite recent market weakness, JPMorgan maintains a €146,000 price target for Bitcoin, citing Strategy’s financial stability, a potential positive MSCI ruling, and a valuation model comparing Bitcoin to digital gold.

Michael Saylor faces criticism on X after his company Strategy made a $27 million down payment for a private jet, especially as Bitcoin’s price and MSTR stock have fallen. Reactions are mixed, with some calling it a misstep and others defending it as normal for a global company.

Fears that Michael Saylor’s Strategy will be forced to liquidate its Bitcoin holdings are unfounded, according to Bitwise CIO Matt Hougan. The company’s substantial cash reserves and lack of near-term debt mean it can withstand market pressure without selling until at least 2027.