MicroStrategy's hoarding strategy has failed, and BTC risk has increased by 30%
MicroStrategy has been buying Bitcoin for 8 consecutive weeks, but the stock price has been plummeting and the premium is also being reduced. Why?
Co-founder Michael Saylor plans to increase the company's shares from 330 million to 10.33 billion shares. He currently holds 42 billion US dollars in BTC, but his personal shares have begun to be reduced. It means that he uses the money of shareholders to buy Bitcoin. When Bitcoin appreciates, he starts to sell his own stocks to cash out. He can also sell Bitcoin and buy back low-priced stocks. He is stepping on the left foot and gradually ascending to the sky! This is undoubtedly a huge risk! ! $BTC