“Saylor should close part of his his Coin-M Bitcoin LONG. Probably 30,000-60,000 BTC worth (1.8-3.6 billion USD) and realize the loss. This means selling 30,000-”
@SoskaKyle
Saylor must sell 30,000-60,000 BTC to fund STRC buybacks, adding $1.8-3.6B of spot sell pressure to Bitcoin
“MSTR can and will sell BTC, and MSTR can and will close their perp long. There is nothing religious or special about selling or not selling your BTC, they are a”
@SoskaKyle
MSTR is a leveraged BTC hedge fund, not a treasury vehicle; when the perp unwinds, equity holders absorb all losses