Recently, Bloomberg reported that Michael Saylor, co-founder of Strategy, confidently retains his Bitcoin positions and does not plan to sell them.
Saylor's resistance to selling Bitcoins
Michael Saylor has repeatedly stated that his company would not sell its Bitcoin assets, even when they reached record levels. In early 2024, he claimed that the community would 'never forgive' the company if it chose to sell.
ETF market position and its influence on Bitcoin's price
Analyst Eric Balchunas noted that over the past month and year-to-date, ETF funds have shown positive inflows. This may contribute to the price stability of Bitcoin, which remains above $80,000 despite overall stock market volatility.
Company's financial obligations and market concerns
Despite Saylor's confidence, some analysts express concerns that his company may indeed need to sell some of its Bitcoins to meet financial obligations. This became a topic of discussion following recent regulatory filings.
Thus, while Saylor is confident in his decision not to sell Bitcoin, complex financial conditions may pose additional risks to his holdings. Analysts' opinions emphasize the importance of ETF funds' stability in supporting cryptocurrency prices.
