CEO’s Bitcoin Sell Date Revealed? 🔥

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In the shadow of despair, the Strategy CEO, Phong Le, has unveiled the harrowing moment when his enterprise may be compelled to part with its Bitcoin hoard, a decision that looms like a specter over the financial landscape. 🧟‍♂️ Amidst the tempest of MSTR’s stock collapse, the company teeters on the precipice, its mNAV perilously close to plunging beneath the 1.0 threshold, a harbinger of doom. 🚨

Strategy CEO Reveals When They Will Sell Bitcoin

During an interview on the ‘What Bitcoin Did’ podcast, the Strategy CEO said they could sell Bitcoin to fund dividend payments on their preferred shares if the mNAV is trading below 1. He alluded to the BTC yield, which is their primary KPI, and that under 1x mNAV, it is more “creative” to sell their BTC holdings to pay the dividends. 🤯 The CEO’s words echo the grim arithmetic of survival, where even the most sacred assets are reduced to mere numbers on a screen. 📊

The Strategy CEO explained that they typically raise capital when their mNAV is above 1 to fulfill their obligations, even when it is below 1. He alluded to the 2022 crypto winter when they bought back their Bitcoin-backed loans as proof that they had prepared in advance for such market conditions. However, when they are unable to raise capital, Phong Le stated that they will have no option but to sell their BTC holdings. 🧠 A tale of resilience… or desperation. 🧨

Strategy data shows that their mNAV is currently at 1.19. Meanwhile, the company currently holds 649,870 BTC, worth around $55 billion. With the MSTR stock on a downtrend, Michael Saylor’s company still faces the risk of seeing its mNAV fall below 1 for a sustained period. TradingView data shows that the stock is now down over 40% year-to-date (YTD) from a 2025 high of around $455. 📉 A golden era? More like a golden goose with feathers falling. 🦆

There were recently rumors that Strategy supposedly sold some of its Bitcoin holdings, which Saylor quickly denied. The company then went on to make one of its largest purchases this year, buying 8,178 for $836 million. This formed part of the proceeds from the company’s STRE offering. 🤝 A dance of liquidity and hubris. 🕺

Saylor Teases Another Bitcoin Purchase

In an X post, Michael Saylor teased another Bitcoin purchase from Strategy. He posted the company’s BTC portfolio tracker with the caption, “What if we start adding green dots?” It is worth noting that these conventional Sunday posts have usually preceded a BTC purchase announcement by the company the following day. 📅 A ritual as predictable as the sunrise… and just as ominous. ☀️

Based on this, Strategy likely bought more Bitcoin between November 24 and 30 last week. This comes amid the Bitcoin downtrend, with the flagship crypto again dropping below the psychological $90,000 level. Besides the BTC crash, the possibility of an exclusion from MSCI indices is another factor that paints a bearish picture for Saylor’s company. The MSCI will decide by January next year whether treasury companies like Strategy should remain in their indices. 🧭 A gamble with the fate of empires. 🏛️

At the time of writing, the BTC price is trading at around $86,000, down over 5% in the last 24 hours, according to data from CoinMarketCap. 📈 A rollercoaster with no safety harness. 🎢

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2025-12-01 19:54