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Strategy Sells $748M In Stock But Buys Zero BTC—Bad News For MSTR?

Benzinga_recent_news12-23 02:53

Strategy Inc. (NASDAQ:MSTR) sold $747.8 million in stock but bought zero Bitcoin (CRYPTO: BTC) the prior week, breaking its accumulation streak as the stock hovers just above critical $155 support. ...

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  • Guavaxf30
    ·12-23 07:09
    Michael Saylor has always been saying he will not sell any Bitcoin in his treasury.  By raising new capital and not making any purchases when Bitcoin prices are still in a 12 month low, this can only mean he is expecting Bitcoin price to fall further. That is the only positive reason I can think of for him not to utilise the cash raised by buying more. Or the worst case scenario is MSTR is really running out of operating cash and can't pay dividends promised.  Which means the whole thing about building a Billion plus in cash reserves to pay dividends for the next two years is all bull-shit. Whichever it the truth, one thing for sure is now is not the time to be holding MSTR. Perhaps not even Bitcoin.
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    • Guavaxf30
      Very possible. BTC and all crypto stocks facing big selling today. May be the start if the bubble burst
      12-23 23:49
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    • dimpy
      If MSTR can't even buy the dip, BTC might tank further. Cash crunch signs? [看跌]
      12-23 11:48
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