Strategy CEO Says Buying Bitcoin Is Easier Than Selling as STRC Drops Below $92
After STRC dropped below $92, Strategy CEO Phong Le said buying bitcoin is easier than selling, while Michael Saylor said bitcoin should avoid choosing between "purity and adoption" as the cryptocurrency extended losses.
The comments came after Grayscale said pressure on Strategy's leveraged accumulation model was fueling bitcoin volatility, with the company's sale of 32 BTC intensifying those concerns. Zach Pandl, Grayscale's head of research, said weaker preferred-share prices could increase dividend obligations and potentially lead to further bitcoin sales, making it harder for Strategy to keep accumulating BTC. He added that additional buyers may be needed for bitcoin to find a sustainable bottom.
From the sources (9 posts)
@theblockcoGrayscale says bitcoin needs other buyers to find a 'sustainable bottom' amid Strategy BTC sale
@wublockchainGrayscale Head of Research: Pressure on Strategy’s Leveraged Model Is Fueling Bitcoin Volatility Grayscale Head of Research Zach Pandl said Strategy’s sale of 32 BTC has intensified concerns over its leveraged accumulation model. He argu
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@coindeskNEW: Jim Cramer says "Saylor murdered Bitcoin."
@theblockcoStrategy's Saylor says Bitcoin should avoid choosing between 'purity and adoption' as BTC extends losses
@degeneratenewsNEW: @Strategy’S $STRC DROPS BELOW $92
@bitcoinnews⚰️ Jim Cramer says Michael Saylor "murdered Bitcoin" after Strategy sold 32 $BTC for the first time since 2022. The comment came in response to Anthony Pompliano explaining that the #Bitcoin sale was a required operational move, not the "t
@degeneratenewsNEW: @Strategy CEO @phongle SAYS "BUYING BITCOIN IS EASIER THAN SELLING"
@kalshi_cryptoJUST IN: Strategy CEO says "buying Bitcoin is easier than selling"