This is the event that will force MicroStrategy to sell Bitcoin, warns expert
With MicroStrategy (NASDAQ: MSTR) doubling down on its decision to purchase more Bitcoin (BTC), a market player has identified a key economic event that could see the company offload its holdings. On November 11, the firm announced the purchase of an additional 27,200 Bitcoin for about $2.03 billion. This latest acquisition brings MicroStrategy’s total Bitcoin holdings to 279,420 BTC. A sale would contradict MicroStrategy’s Bitcoin strategy, which aims to evolve into a Bitcoin bank, creating capital market instruments across diverse financial products. Picks for you Planning on shorting Bitcoin? Here’s the latest BTC short ratio 21 mins ago Is buyer confidence in Gold fading as bears loom on the horizon? ...