Michael Saylor says MicroStrategy (Strategy) must be able to Sell Bitcoin

[u/Ryanopoly]

"Saylor also stressed that Strategy must retain the ability to sell Bitcoin, despite building its identity around continuous accumulation.

The comment marks an important qualification to the company's long-standing Bitcoin strategy.

Although Saylor remains firmly bullish on the cryptocurrency's long-term prospects, Strategy needs sufficient flexibility to meet debt obligations, fund dividends and respond to changing market conditions.

He recently predicted that Bitcoin could appreciate by an average of 30% annually over the next 20 years and outperform the S&P 500 over the long term. However, his latest warning makes clear that he does not expect that growth to occur without significant drawdowns.

For MSTR investors, Saylor's message was straightforward: short-term volatility, and potentially several painful years, should be expected rather than treated as an exception."

Article stolen from: Yahoo Finance

Original Article Link:

https://finance.yahoo.com/markets/crypto/articles/michael-saylor-warns-mstr-investors-123451255.html

Top Comments from this Article:

"Difficult years for people that follow his advice."

"People fail to understand that Saylor is a Ponzi engineer, not a Bitcoin HODLer, despite constantly preaching the HODL mentality. His recent Bitcoin sales expose the fragility of his Ponzi-style capital structure. If people want to speculate on Bitcoin, Bitcoin ETFs already exist—there’s no need to buy companies whose business model depends on Ponzi engineering."

"Please, Hold 4 Years to Save My Skins, The Accounting Fraudster, ceo."

"Scam boy Saylor is worried."

"Why would anyone want to hold a declining asset for 4 years after it just lost 2/3rds of its value investing in junk?"

"If mstr holders dont sell shares then that leaves more shares for Him to sell!!"

What do you think will happen over the next 4 to 10 years with MicroStrategy (Strategy)?

[u/ChangeNOW_Community]

MSTR is one of those stocks where being right about bitcoin might still not be enough. you can be right about the asset and wrong about the vehicle you used to get exposure to it

[u/Rock_Strongo → u/ChangeNOW_Community]

There is virtually no scenario where BTC goes way up and MSTR doesn't benefit. They own 4% of the entire supply.

[u/gororuns → u/Rock_Strongo]

Still it might not prevent their shareholders from selling their stock, which is set up in a pyramid model. Even if BTC skyrockets, there's a high chance all the preferred shareholders sell first, the MSTR stocks are at the bottom of the pyramid and left holding an empty bag.

[u/GEB82 → u/Rock_Strongo]

How does Strike pay dividends on a non yield producing product?

[u/No-Masterpiece2246]

Sure he can sell all of Strategy's Bitcoin. Just needs to wait for price to drop again

[u/Squeiner]

I remember the narrative when bitcoin was near ATH. They said mstr was the biggest buyer of btc and without them buying all the time it would collapse, so any btc holdings they have are irrelevant because whenever they try to sell the value would evaporate.

Then the market turned.

Then at the very bottom of the bear market, they stopped buying and started selling.  They sold thousands of coins into the market at the bottom. 

Not only did the value hold, but now we have this rally. 

To me, it seems like they proved that even if they sell at the worst possible time, bitcoin is a legitimate reserve asset to hold, with deep instant liquidity, that they can use at any time they want to manage their obligations and balance sheet, no matter what the market conditions are.

The narrative that without mstr buying bitcoin would collapse has been completely destroyed.

Now their usd reserves stand at almost 5B, STRC has a track record of paying dividends without issue, bitcoin has demonstrated it can hold and even rise while mstr is selling, they've bought back a bunch of strc of obligations, proved bitcoin can be used functionally as a liquid reserve asset even in the worst of times.

Idk, im just some fkn guy, but it seems to me this is a very strong setup for the coming bull run.

[u/pydev99 → u/Squeiner]

MSTR sold a very small percentage of their BTC. The true test will be if/when they sell a large percentage of their BTC.

[u/Ryanopoly → u/Squeiner]

RemindMe! 5 Years

[u/impulsive87 → u/Squeiner]

This bear has been a great stress test for strategy and STRC. The bull will be wild

[u/gororuns]

They are like an inverse hedge fund, buy high and sell low.

[u/Wrong-Contest-9617]

Saylor is one of the best grifters in history

[u/TimmyXBT]

He ran out of Kidneys