So, Bitcoin has decided to take a nosedive, plummeting under $75,000, and guess what? It’s now just a mere 10% above MicroStrategy’s buying price. Investors are practically clutching their pearls, predicting an MSTR crash if Michael Saylor wants to dodge any Bitcoin liquidations. Rumor has it, the firm might be forced to sell its precious BTC if this crypto market correction doesn’t take a chill pill soon. 😱
Enter Doctor Profit, the crypto analyst with a name that sounds like a superhero. He’s issued a warning to Michael Saylor, the co-founder and executive chairman of MicroStrategy (or should we say, “Strategy”?), about the company’s hefty Bitcoin stash. Talk about a dramatic plot twist!
Doctor Profit, in his infinite wisdom, pointed out that Bitcoin is now only 10% above MicroStrategy’s average buying price of $67,485. With a whopping $40 billion Bitcoin stash, investors are starting to sweat bullets. “Let me predict it straight: MSTR will most likely be sold to avoid liquidation,” he declared, sounding like a fortune teller at a carnival. He even added:
“Dear Michael Saylor, you are most likely becoming the next victim of this market. I would start selling as much BTC as I could in your case.”
MicroStrategy (MSTR) Stock: The Pressure is On! 💼💥
MicroStrategy (MSTR) stock is feeling the heat, correcting over 20% in just a week. This is all happening while the Trump tariff war escalates, sending global markets into a tailspin, and Bitcoin is doing its best impression of a rollercoaster ride at $75,000.
And wait, there’s more! Rumor has it that Michael Saylor’s firm submitted an 8-K form with the SEC on April 7, warning that if Bitcoin’s price keeps dropping, they might have to sell their Bitcoin holdings to pay off debts. As of now, BTC is trading 2.52% down at $77,307, with a market cap of $1.534 trillion. Talk about a financial soap opera!
But hold your horses! Upon closer inspection, this statement seems to be just standard risk disclosure mumbo jumbo. The firm has been using this language in all its reports for the last 10 quarters, including the Q1 2024 filing and reports from 2023 and earlier. So, it’s not exactly breaking news, folks!
Despite a dramatic 11.26% drop to $237 on Tuesday, MSTR stock decided to play hard to get, surging by 3.29% in after-hours trading. It’s currently flirting with its 200-DMA, a long-term support level, and if it falls below that, we might be in for a wild ride. 🎢
In the midst of this market chaos, Michael Saylor’s Strategy has hit the brakes on further Bitcoin purchases, with no changes in their holdings over the past week. Because who needs more drama, right? 😂
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2025-04-09 12:26