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Strategy Be Forced to Dump Its $66 Billion Bitcoin Pile?

  • Strategy, known for holding a significant amount of Bitcoin worth $66.75 billion, faces potential risks that may compel them to sell their Bitcoin holdings.
  • New accounting rules could require Strategy to pay taxes on its unrealized Bitcoin gains, potentially forcing them to sell some Bitcoin to cover the tax bills.
  • The company's annual financial obligations, including debt payments and dividends, amount to over $350 million, which could further strain their financial situation.
  • There is also a risk associated with the security of their Bitcoin holdings, as a failure of their custodian could lead to loss of access to their cryptocurrency assets.

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