Editor's PiCK

Strategy hints at possible Bitcoin sale?..."Just a common practice"

Source
Son Min

Summary

  • Strategy mentioned the possibility of selling Bitcoin, but stated this is a common risk disclosure practice.
  • Strategy revealed that selling Bitcoin may be necessary to repay debts, but said this was included in previous reports.
  • Strategy's Bitcoin holdings amount to 528,185 BTC, with an average purchase price of $67,458.
Report submitted by Strategy to the U.S. Securities and Exchange Commission (SEC) / Source=SEC
Report submitted by Strategy to the U.S. Securities and Exchange Commission (SEC) / Source=SEC

There are claims that Strategy, which holds the most Bitcoin (BTC) as a single company, has left open the possibility of selling its held Bitcoin, but opinions have emerged that this is merely a common risk disclosure practice.

On the 9th (local time), WuBlockchain stated on X, "Strategy specified in the report that it may sell its held Bitcoin to repay debts," adding, "This phrase is merely a common risk disclosure practice." It continued, "The same phrase was included in reports from the first quarter of last year, 2023, and prior, so it's hard to see it as a special case."

On the 7th (local time), Strategy submitted a report (8-K) to the U.S. Securities and Exchange Commission (SEC) stating, "If the market value of Bitcoin falls significantly, it could negatively affect the ability to fulfill financial obligations," and "If we fail to raise funds, we may have to sell Bitcoin to fulfill financial obligations."

Meanwhile, Strategy currently holds 528,185 BTC, with an average purchase price of $67,458.

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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