🚨 BREAKING: Michael Saylor's Strategy just hit 14 weeks without a single Bitcoin buy, despite holding 843,775 BTC at an average cost of $75,476, valuing the position at a staggering -$9.3 billion with BTC near $64,600.
The Bitcoin treasury, notorious for its colossal size, now teeters on the edge as the price hovers around $64,600. Meanwhile, Strategy's $9.3 billion underwater position is a harsh reminder that even the most stalwart Bitcoin bulls can fall prey to the cryptocurrency markets' volatility.
Interestingly, the absence of buying activity from Strategy, despite the significant losses, raises questions about Michael Saylor's next move and whether he will opt for a 'rebalancing' strategy or 'ride out the storm' with current market conditions, where $NEAR and $NOT , often touted as top altcoins, seem to be struggling alongside the flagship cryptocurrency. Could this also be an opportunity for Saylor to diversify into these alternative assets and mitigate his exposure to Bitcoin'
The Bitcoin treasury, notorious for its colossal size, now teeters on the edge as the price hovers around $64,600. Meanwhile, Strategy's $9.3 billion underwater position is a harsh reminder that even the most stalwart Bitcoin bulls can fall prey to the cryptocurrency markets' volatility.
Interestingly, the absence of buying activity from Strategy, despite the significant losses, raises questions about Michael Saylor's next move and whether he will opt for a 'rebalancing' strategy or 'ride out the storm' with current market conditions, where $NEAR and $NOT , often touted as top altcoins, seem to be struggling alongside the flagship cryptocurrency. Could this also be an opportunity for Saylor to diversify into these alternative assets and mitigate his exposure to Bitcoin'