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What Strategy Inc. and Michael Saylor Might Do Next
With a crypto slide underway, Strategy built a $1.44 billion cash war-chest and signaled it may sell Bitcoin if market value slips, a move that could shape Bitcoin’s next big leg down or spark a broader sell-off. Bitcoin’s recent tumble has done more than rattle HODlers. The drop from October highs around $126,000 to lows near $85,000 pushed the price of BTC down nearly 30 percent. For MicroStrategy, now rebranded as Strategy Inc., this isn’t a mere paper loss. The firm holds roughly 650,000 BTC, about 3.1 percent of total eventual supply. Under accounting rules it adopted, changes in Bitcoin’s market value ... (full story)