Is Strategy Safe?
The bet has seen limited participation as of this writing, attracting slightly more than $162,000 in wagers.
The State Of Saylor’s Strategy
Concerns about the Strategy’s financial strength rose after it disclosed Bitcoin sales last week, undermining the “never sell” thesis that bullish investors had counted on.
The sale triggered instant panic, with Bitcoin tumbling below $60,000 to hit its lowest level since October 2024. The company’s shares plunged 40% over the week, and unrealized losses on its BTC holdings have ballooned to a record $12 billion.
As of this writing, Strategy’s Bitcoin reserves are valued at nearly $52 billion, enough to cover 30 months of its dividend and interest obligations. The firm also…