Could Strategy Be Forced To Sell Its Bitcoin? Bitwise CIO Says No
Bitwise Chief Investment Officer Matt Hougan is pushing back against one of the loudest bearish narratives around bitcoin treasury company Strategy (MSTR, formerly MicroStrategy): that it could be forced into a liquidation of its roughly $60 billion bitcoin stack. In his latest CIO memo, Hougan writes bluntly that “Michael Saylor and Strategy selling bitcoin is […]
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Strategy, a business intelligence company founded by Michael Saylor, has released new data outlining how its Bitcoin (BTC) position holds up under current market conditions. This disclosure raises the question of whether the company could ever be forced to sell its $54.59 billion in Bitcoin holdings. Its latest internal projections, shared publicly, highlight the firm’s […]
Quick Facts: ➡️ Bitwise CIO Matt Hougan doesn’t believe that Strategy will sell any of its Bitcoins, saying that the company has ‘enough cash to cover interest payments for the foreseeable future.’ ➡️ This reinforces the digital gold thesis and supports a longer-term, institution-led $BTC accumulation narrative. ➡️ Bitcoin Hyper ($HYPER) aims to fuse Bitcoin […]
Crypto asset management firm Bitwise announced the launch of the ‘Bitwise Crypto Industry Innovators ETF’, the first listed ETF in the US with ‘crypto’ in it’s name. Bitwise has over $1.5B in assets under management. The Bitwise ETF The Bitwise ETF will be listed on the New York Stock Exchange under the ticker BITQ. The […]
Strategy CEO Phong Le has revealed the instance in which his company may be forced to sell its Bitcoin holdings. This comes amid concerns about the MSTR stock crash, which puts the company at risk of seeing its mNAV drop below 1. Strategy CEO Reveals When They Will Sell Bitcoin During an interview on the […]
Bitwise CEO Hunter Horsley says the firm’s XRP spot ETF has moved into the top slot in the US market, edging out rivals on assets as the category’s liquidity and asset base continue to expand. “The Bitwise XRP ETF (ticker: XRP) is now the largest XRP ETF in America. $10,000,000 inflows so far this week. […]