According to the media, Michael Saylor once again released a Bitcoin reserve map of Strategy on the social platform, with the word “may require more charts”, as it was repeated in the vicinity of a bitcoin of $60,000. This development quickly triggered market speculation, which some investors interpreted as a sign of continued growth.
We'll be in trouble again.
According to the article, Strategy currently held 847,363 bitcoin, at an average cost of approximately US$ 75,653 per purchase. Based on the price of bitcoin of close to US$ 60,000 as described in the text, this portion of the warehouse has suffered a significant unrealized loss.
It was also mentioned that, as the price of bitcoin fell, the market's concerns about Strategy's balance sheet were again warming. The article quotes the statement that the company ' s market value is lower than the bitcoin value on its books, and the outside world revisits its highly leveraged currency purchase pattern.
Wall Street and industry.
Foreign media mentioned that Zach Pandl, director of greyscale studies, argued that Strategy should sell at least $3 billion bitcoin to cover short-term debt pressures. Ripple CEO Brad Garlinghouse also criticized Saylor's financing and currency holding, arguing that such a structure would magnify market risk.
However, these statements represent the positions of those concerned and do not imply that the company has adjusted its strategy. Saylor had previously maintained that as long as the price of bitcoin remained above the lower security line, the company would not face forced liquidation.
Market focus follow-up
The central judgement of this review article is that, at this point in time, Saylor sends another silo, more like a transfer of confidence to investors at a time of market pressure than a direct disclosure of new buy-in arrangements. According to the article, if Bitcoin does not rise significantly, the losses and debt disputes that Strategy faces will continue.
From a market point of view, the focus is not only on whether Strategy continues to buy currency, but also on the correlation between its holding costs, its financing structure and the price volatility of bitcoin. As the week closes, discussions may continue to affect market sentiment.