Strategy supporters rebut ‘death spiral’ fears as bitcoin price wobbles
"The death-spiral story assumes that Strategy is one bad week from selling bitcoins, and it skips several steps to get there," said Benchmark.
"The death-spiral story assumes that Strategy is one bad week from selling bitcoins, and it skips several steps to get there," said Benchmark.
Original source
Read on The BlockSame story, other sources
Cross-source coverage
2 sources
Strategy supporters counter ‘death spiral’ claims as Bitcoin wobbles
The potential instability of Strategy's Bitcoin holdings could deter corporate adoption, impact...
Related market context
Strategy Sold Shares and Bought $100 Million Bitcoin: This Is It? Bottom Was 2 Weeks Away?
Strategy just filed confirmation of a $100 million Bitcoin buy executed at an average of $63,024, which is unexpectedly before it...
Bitcoin Giant Strategy Pads Cash Cushion for Second Straight Week, Buys BTC
Strategy expanded its USD Reserve to $1.1 billion and increased its total Bitcoin holdings, after dipping into those funds last mo...
Strategy Buys 1,587 Bitcoin for $100M Below Its Blended Cost Basis, Lifting Stack to 846,842 BTC
Michael Saylor's Strategy bought 1,587 bitcoin for about $100 million last week, its first purchase disclosed since the firm broke...
Saylor’s Strategy buys 1,587 BTC for $100M, holdings hit 846.8K
Strategy acquired 1,587 Bitcoin for $100 million last week, lifting holdings to 846,842 BTC after raising $209 million through MST...
Strategy (MSTR) Spends $100 Million on 1,587 Bitcoin, Lifts Total Holdings to 846,842 BTC
Bitcoin Magazine Strategy (MSTR) Spends $100 Million on 1,587 Bitcoin, Lifts Total Holdings to 846,842 BTC Strategy (Nasdaq: MSTR)...
Strategy Shuts Down Bitcoin Exit Rumors, Hinting at Another Massive BTC Buy
Key Takeaways: Strategy CEO Phong Le reaffirmed that the company’s core mission remains increasing Bitcoin holdings and Bitcoin pe...