Bitcoin Drama! 😱 Is Strategy About to Dump?

by

Oh, do pay attention, won’t you? The bitcoin business, so frightfully volatile, has once again decided to take a little tumble – rather inconveniently slipping below the $85,000 mark. And why, you ask? Well, darling, it seems our friends at Strategy (formerly, and rather clunkily, MicroStrategy) might be thinking of having a bit of a clear-out. 💸

This little whiff of panic started after the CEO, Phong Le – a perfectly nice man, I’m sure, but hardly Saylor – had a chat on a podcast. Directly asked if they’d consider parting with some of their digital treasures, he didn’t exactly offer a resounding “never!” did he? How very… ambiguous.

One understands old Saylor was rather fixed in his ways – a man of principle, apparently. But Le’s hinting has caused a frisson of excitement – or dread, depending on your portfolio. It’s all terribly dramatic, really.

Is a Sell-Off Brewing, Do You Think?

Mr. Le explained, in a frightfully logical sort of way, that if Strategy’s shares perform rather poorly, and they can’t rustle up enough funds for their dividends, they might, just might, have to sell some Bitcoin. As a “last resort,” naturally. One shudders to think.

Not a confirmation of looming disaster, you understand, but enough to get everyone rather flustered. And with preferred dividends looming on December 31st? Oh, the pressure! 🥂

Apparently, they’ve put aside $1.44 billion – a rather substantial sum, even for these people – to cover those dividends and their debts. Acquired, I gather, by selling off bits of the company. Diluting shareholders, you see. Such a bore for everyone involved. The stock’s taken a bit of a dip – nearly 11%, if you are keeping score.

A Pessimistic Outlook, Darling

And the forecasts! Remember when they predicted Bitcoin at $150,000 by year’s end? How optimistic! Now they’re whispering about a range of $85,000 to $110,000. So much for soaring profits. A drop in projected gains from $20 billion to $10.6 billion. A bit like a rather disappointing cocktail party, wouldn’t you agree? 🍸

As the cryptocurrency’s value descends (and really, isn’t that always the way?), Strategy’s financial position looks… less splendid. But here’s the truly delicious bit of gossip: someone called AlejandroXBT noticed that while Saylor publicly insists he’d never sell, he’s been giving private presentations outlining, shall we say, different possibilities? A charming little disconnect, wouldn’t you say? 🤭

As we speak, Bitcoin is languishing at $84,880, down over 7% in the last 24 hours. Honestly, one almost feels sorry for it. Almost. Now, where’s that gin and tonic? 🍸

Read More

2025-12-02 08:12