MicroStrategy Bitcoin Hold Strategy
MicroStrategy's strategy to buy and hold bitcoin long term will remain unchanged despite recent price declines.
Too little corroboration in the last 3 days to call a trend (6 articles). Watching for it to gain traction.
A mix of mainstream and niche sources — coverage is broadening.
"Strategy entered August with a $4 billion U.S. dollar reserve and continues to have access to its at the market equity programs. Those alternative funding sources make any prediction about the next treasury move uncertain."
"Strategy has accepted that they are a company that has to financially engineer a complex balance sheet around Bitcoin. Melker said the company's greatest threat is duration risk rather than a temporary decline in Bitcoin's price."
"Long-term holders remain firm, with the short-term to long-term supply ratio falling to 12.1%, below the lower band of 12.5%."
"Hougan said the move means Strategy may no longer act as a one-way source of Bitcoin demand. 'For years, Strategy has been the most dominant Bitcoin buyer in the world and a one way source of Bitcoin demand. Those days are likely over.'"
"Even at subdued Bitcoin prices, the value of Strategy’s Bitcoin holdings provides a significant cushion, though the company’s cash runway has thinned."
"Despite this short-term decline, long-term adoption trends remain strong. Data shows bitcoin adoption has grown at a median annual rate of 17% since 2017."
"Holding an asset to infinity without ever selling may make the company rich on paper, but the rest of us have bills to pay."
"The recent slip is just a blip in an otherwise bullish streak, with Bitcoin up from $16,500 at the start of the year..."
"the company then sold approximately 704 bitcoin for $11.8 million on the premise that the loss will offset previous capital gains."
"we incurred a minimal bitcoin impairment charge as bitcoin prices were stable during the third quarter."