š° MicroStrategy Reveals the āLast-Resortā Scenario for Selling Its Bitcoin
Strategy (formerly MicroStrategy) finally laid it out: the company will only sell its Bitcoin if two conditions hit at the same time ā
1. The companyās stock trades below its net asset value (mNAV < 1x)
2. It can no longer raise new capital šø
Right now theyāre holding a massive 649,870 BTC, worth roughly $59.3B, with an average cost basis around $74,430. The BTC position is still in profit, but the stock price isnāt reflecting the true asset value ā pushing management to keep a ābreak-glass planā ready if liquidity ever tightens.
So far, Strategy has relied on issuing new shares to fund more Bitcoin buys. But if that path is blocked, selling BTC becomes the only emergency exit š¬
š What do you think ā if Strategy really ends up selling, would that spark an institution-level shockwave across the market? š