US EditionMSTR News: Michael Saylor’s Bitcoin Stack Is Officially Underwater, but Here’s Why He Likely Won't Reach for the Panic Button
- On Sunday, Jim Cramer urged Strategy Inc. founder Michael Saylor to `jam up` Bitcoin to $82,500, suggesting he wait until about 6:30 pm to push from $76,500.
- Amid persistent selling pressure, Bitcoin dropped below $80,000 on Saturday to $75,709.88, wiping roughly $111 billion and liquidating about $1.6 billion, according to CoinGecko and Coinglass.
- Strategy Inc. holds 712,647 bitcoin and acquired roughly 40,000 BTC year-to-date, but shares trading below $150 constrained fundraising, limiting further BTC purchases.
- Market watchers note that trading below cost has slowed Strategy's ability to grow its bitcoin stack without diluting shareholders, and shares may react negatively if bitcoin holds these levels or falls on Monday.
- Looking to the week ahead, Cramer urged Saylor to `jam up` Bitcoin to $82,000, suggesting shorts may be `trying to break` Saylor before earnings.
27 Articles
27 Articles
Jim Cramer Says Michael Saylor Should 'Jam-Up' Bitcoin To $82,000: 'That Way Some Ill-Advised Folks Will Shout Double Bottom' - Strategy (NASDAQ:MSTR)
Popular market commentator Jim Cramer offered a cheeky take on Bitcoin’s (CRYPTO: BTC) latest crash Sunday, urging Strategy In
MSTR News: Michael Saylor’s bitcoin stack is officially underwater, but here’s why he likely won't reach for the panic button
The main impact of the price decline is slowing Strategy's ability to buy more bitcoin without diluting shareholders, as its stock now trades at a discount to its bitcoin holdings.
BTC News: Michael Saylor’s Strategy Reacts as Its Bitcoin Nears Loss
Bitcoin and corporate accumulation strategies frequently shape market discussion at the start of the week, with updates around Michael Saylor and his firm often influencing broader sentiment. Typically, these conversations center on new purchases or pauses in accumulation. This week, however, price movement itself became the focal point. A short-term decline in Bitcoin briefly placed Saylor’s company in a position of unrealized losses on its hol…
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