Saylor sold 32 BTC, and the market freaked out, causing Bitcoin to drop from 73k to 60k. A week later, he bought back 1550 BTC, totaling a cool hundred million bucks. This buy-sell logic is way more interesting than the "never sell coins" mantra.
When I saw Saylor dumping coins, my first thought was: it's over, even the most die-hard bulls can't hold on. But in reality, the sale of those 32 BTC was a necessary move for Strategy's digital credit operations. Saylor candidly stated in his BTC Prague interview: if the company policy is to never sell coins, then the digital credit products would be worthless, and so would the stocks.
Here's the logic chain. The STRC preferred shares issued by Strategy are essentially a digital credit tool backed by BTC assets, yielding about 8% annually, which is three to four times that of traditional savings. To maintain the creditworthiness of such products, the company must retain the ability to sell BTC. It's not about dumping a ton; it's about having that "option" to assure the market that the credit backing is real.
So, selling 32 BTC and then buying back 1550 makes sense. The sale was to prove capability, while the buyback showcased confidence. The 32 BTC was a flare, while the 1550 BTC reflected the true intent.
However, this model isn’t without risks. On June 4, Apyx Finance's stablecoin apxUSD de-pegged to $0.90, primarily due to BTC dropping below 63k alongside STRC falling below par. The entire digital credit ecosystem's high interconnectedness was laid bare at that moment: BTC's drop dragged STRC below par, leading to insufficient collateral for the stablecoin, resulting in a direct de-peg.
Currently, BTC is hovering around 64,500, with a 4-hour RSI of 62.8 indicating a neutral to bullish trend, and the MACD histogram has been consistently positive, with a funding rate of only 0.0009%. The market is calm, and leverage isn’t crowded. The AI sector saw a collective rebound today, with TAO up 23% and WLD up 9%, as funds moved between sectors.
Saylor’s buy-sell strategy has shown me a larger shift: as BTC transitions from "digital gold" to "digital collateral" on corporate balance sheets, the ability to sell becomes part of the credit rating. This is similar to traditional banks needing to maintain liquidity reserves. The digital credit sector is just getting started, and more companies will likely mimic this model.
#Saylor says Strategy must be able to sell BTC
When I saw Saylor dumping coins, my first thought was: it's over, even the most die-hard bulls can't hold on. But in reality, the sale of those 32 BTC was a necessary move for Strategy's digital credit operations. Saylor candidly stated in his BTC Prague interview: if the company policy is to never sell coins, then the digital credit products would be worthless, and so would the stocks.
Here's the logic chain. The STRC preferred shares issued by Strategy are essentially a digital credit tool backed by BTC assets, yielding about 8% annually, which is three to four times that of traditional savings. To maintain the creditworthiness of such products, the company must retain the ability to sell BTC. It's not about dumping a ton; it's about having that "option" to assure the market that the credit backing is real.
So, selling 32 BTC and then buying back 1550 makes sense. The sale was to prove capability, while the buyback showcased confidence. The 32 BTC was a flare, while the 1550 BTC reflected the true intent.
However, this model isn’t without risks. On June 4, Apyx Finance's stablecoin apxUSD de-pegged to $0.90, primarily due to BTC dropping below 63k alongside STRC falling below par. The entire digital credit ecosystem's high interconnectedness was laid bare at that moment: BTC's drop dragged STRC below par, leading to insufficient collateral for the stablecoin, resulting in a direct de-peg.
Currently, BTC is hovering around 64,500, with a 4-hour RSI of 62.8 indicating a neutral to bullish trend, and the MACD histogram has been consistently positive, with a funding rate of only 0.0009%. The market is calm, and leverage isn’t crowded. The AI sector saw a collective rebound today, with TAO up 23% and WLD up 9%, as funds moved between sectors.
Saylor’s buy-sell strategy has shown me a larger shift: as BTC transitions from "digital gold" to "digital collateral" on corporate balance sheets, the ability to sell becomes part of the credit rating. This is similar to traditional banks needing to maintain liquidity reserves. The digital credit sector is just getting started, and more companies will likely mimic this model.
#Saylor says Strategy must be able to sell BTC