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Michael Saylor Might Be Forced to Break His Promise to ‘Hold Bitcoin Forever’: Details
As of March 31, Michael Saylor’s company had made another massive purchase of Bitcoin. The transaction involved buying 22,048 BTC worth $1.91 billion. This is part of a strategy that has seen the company accumulate an impressive 582,185 Bitcoins, valued at approximately $46.5 billion.
While the company has not yet made any announcements regarding new purchases, there are some concerns about how it will sustain such massive holdings in the long run. Given that Bitcoin’s price was trading at around $79,870 per coin as of the time this article is being written, there have been speculations about whether the company would be able to hold onto its vast crypto assets.
It is essential to consider the current state of Strategy’s financial situation after it used funds from a recent preferred stock offering to buy more Bitcoins.
Source: https://u.today/michael-saylor-might-be-forced-to-break-his-promise-to-hold-bitcoin-forever-details
