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Michael Saylor’s Strategy Could Soon Sell Its Bitcoin At A Massive Loss, What’s Going On?

  • Michael Saylor’s Strategy might require selling Bitcoin (BTC) to meet debt obligations as the asset price continues to go down.
  • Strategy has reportedly filed an 8-K filing with plans to offload some of its digital assets to offset current losses after the price of Bitcoin dropped below $80k.
  • The company has 528,185 BTC valued at approximately $40.3 billion purchased at an average price of $67,458 per coin, resulting in $4.6 billion in paper losses.
  • Strategy remains a top driver of institutional sentiments, but with a pause in purchases and a significant drop in its stock price, several firms may reconsider their position.

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