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 🎩Ⓜ️
@hind
I hope not 🙏🏽 This would most likely drop Bitcoin’s price
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gFam.live (UrbanGladiator)
@gfam
Yeah, that's what I'm thinking... MicroStrategy could affect the whole market if they're forced to sell.
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