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In a risk disclosure this week, Michael Saylor’s MicroStrategy (currently doing business as Strategy) admitted that circumstances may mean it has to sell some of its BTC by next year. Any such sale would break years of claims from Saylor that the company plans never to sell. Indeed, Saylor’s plan for MicroStrategy has been clear and single-minded. “The highest, best use of bitcoin is to buy bitcoin and hold,” Saylor has professed. Repeatedly and without exception, Saylor has told his followers that he plans to hold onto his coins. “The endgame is to acquire more BTC. Whoever gets the most BTC wins. There is no other endgame.”  You do not sell your #Bitcoin. — Michael Saylor (@saylor) February 27, 2024 Even Saylor, in his personal capacity, says he plans never to sell his BTC and will burn his private keys when he dies. However, there are several events that could force him to sell in spite of his devotion. According to data from Arkham Intelligence, the comp...

The rumor mills are running high in the current cryptocurrency market, compelling investors to think twice and thrice about their recent market explorations. In a recent new rumor spree, Michael Saylor, former CEO of MicroStrategy, recently rebranded as “Strategy,” might be forced to sell its Bitcoin if BTC’s price continues to plunge, per the latest 8-K form filing filed by the firm with the SEC on April 7. Also Read: China’s Central Bank Asks State-owned Banks to Reduce US Dollar Purchases Is Michael Saylor Ditching Bitcoin? Source: Watcher Guru Michael Saylor, former CEO of MicroStrategy, popularly known as Strategy, might be bailing away from Bitcoin. A new rumor suggests that Saylor has filed a new 8-K form with the US SEC, stating that the firm may be obliged to sell its Bitcoin if it continues to fall or plunge in the near future. At the same time, the clause is dubbed a standard risk procedure and may come into effect if BTC plunges below normal price thresholds. “The rumor has...

Michael Saylor’s MicroStrategy has announced an ambitious plan to raise $42 billion over the next three years to expand its Bitcoin holdings. The strategy, named the “21/21 Plan,” aims to secure $21 billion through equity and an additional $21 billion through debt, underscoring Saylor’s ongoing commitment to Bitcoin as a key corporate asset. “As a Bitcoin Treasury Company, we plan to use the additional capital to buy more bitcoin as a treasury reserve asset in a manner that will allow us to achieve higher BTC Yield,” said president and CEO Phong Le, in the company’s third-quarter earnings statement. 🟠#BTC MicroStrategy has announced an ambitious plan to raise $42 billion over the next three years, split evenly between $21 billion in equity and $21 billion in fixed-income securities. The company intends to use this capital to increase its Bitcoin holdings as a treasury pic.twitter.com/f2MEcnevoQ — Fortune Tells (@online0705) O...

Amid the country’s fragile economic standing, US citizens’ debt has surpassed the $17 trillion mark for the first time ever. Moreover, household debt set a record of $17.05 for Q1, growing by 0.9%, or $148 billion, from Q4 of last year. The Federal Reserve Bank of New York reported the concerning figures on Monday. Additionally, it is noteworthy that the debt has surged by $2.9 trillion since the closing months of 2019. Conversely, the debt number arrives as the US government debates a potential increase to its debt ceiling. Confronted by the potential of a worrisome debt default.  JUST IN: US citizens' debt passes $17 trillion for the first time in history. — Watcher.Guru (@WatcherGuru) May 16, 2023 US Debt Reaches Highest Figure Ever America has observed an immensely fragile economic state in recent years. Macroeconomic factors, inflation conflict, and the lessening value of the US dollar cascade into a rather unsettling state. Now, the American people ha...