news 
Michael Saylor’s Bitcoin Strategy Under Fire After SEC Filing Revelation
Entrepreneur Crypto and Blockchain Expert Author Michael Saylor’s long-standing pledge to never sell his company’s Bitcoin holdings has been called into question after a recent SEC filing revealed that his company, Strategy, may be forced to sell its BTC stash if market conditions worsen or it cannot secure favorable financing.
The 8-K filing states that the company may need to sell some or all of its Bitcoin assets if it is unable to meet its financial obligations due to unfavorable market conditions. This would mean selling at prices below the cost basis or otherwise unfavorably, which goes against Saylor’s repeated promises to hold onto his BTC forever.
It has become clear that Strategy now faces significant financial pressure after acquiring a staggering 22,048 new Bitcoin worth $1.91 billion through a preferred stock offering on March 31. The total stash is now at an eye-watering 582,185 BTC, valued at over $46.5 billion.
The recent dip in the market caused by U.S.-China trade tariff news has led to Strategy’s predicament.
Source: https://coinpedia.org/news/michael-saylors-bitcoin-strategy-under-fire-after-sec-filing-revelation/
