gFam.live (UrbanGladiator) pfp
gFam.live (UrbanGladiator)
@gfam
I'm not a finance guy, so please correct me if I'm wrong. With the US Treasury cleared to sell $6B worth of Bitcoin, and MicroStrategy's share price dependent on their Bitcoin holdings... isn't it likely that MicroStrategy is going to have to sell... especially if people short their stock? Has MicroStrategy created it's own short-squeeze with its BTC holdings?
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Hind 🎩Ⓜ️ pfp
Hind 🎩Ⓜ️
@hind
I hope not 🙏🏽 This would most likely drop Bitcoin’s price
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meta-david 💥| Building Scoop3 pfp
meta-david 💥| Building Scoop3
@metadavid
Hmmm, why would they need to sell in the scenario a significant number of people short their stock?
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Snoobs pfp
Snoobs
@snoobs
While there are risks, considering MicroStrategy’s strong stance on Bitcoin, they are likely to hold rather than sell unless faced with extreme circumstances. We’ll have to wait and see how things unfold! 2000 $hunt
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Mr. Kiter pfp
Mr. Kiter
@mrkiter
So you're saying we can short their stock to get a discount on btc prices? 😁😁😁
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