{"id":22905,"date":"2025-12-01T07:58:43","date_gmt":"2025-12-01T07:58:43","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=22905"},"modified":"2025-12-01T07:59:01","modified_gmt":"2025-12-01T07:59:01","slug":"michael-saylor-and-microstrategy-ready-to-sell-bitcoin-shocking-announcement","status":"publish","type":"post","link":"https:\/\/investx.fr\/en\/crypto-news\/michael-saylor-and-microstrategy-ready-to-sell-bitcoin-shocking-announcement\/","title":{"rendered":"Michael Saylor and MicroStrategy ready to sell Bitcoin? The shocking announcement"},"content":{"rendered":"\n

Unsustainable Financial Pressure on the MSTR Model<\/h2>\n\n\n\n

The infinite “HODL” strategy, the hallmark of the company rebranded as Strategy, is facing its greatest test. With a war chest of nearly 650,000 BTC<\/strong>, the firm has become a true proxy for Bitcoin<\/a> on Wall Street. However, the recent market correction<\/strong>, dragging BTC’s price below the psychological threshold of $90,000, has significantly weakened the group’s financial metrics.<\/p>\n\n\n\n

The crux of the matter lies in the mNAV (market-adjusted net asset value). This ratio, closely monitored by institutional investors, now hovers dangerously around 0.96x.<\/strong> In concrete terms, MSTR stock threatens to trade below the actual value of the Bitcoins it holds. Adding to this increased volatility<\/strong> is an immediate liquidity constraint: dividends on preferred shares, ironically nicknamed “FCKED” by Saylor, must be paid by year’s end.<\/strong><\/p>\n\n\n\n

Earn $90 in BTC<\/strong> with the purchase of a Ledger<\/a> wallet<\/strong> with our exclusive limited-time offer:<\/p>\n\n\n

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\"A<\/a><\/figure>\n<\/div>\n\n\n

Phong Le Drops a Bombshell: Selling Becomes “Mathematically Justified”<\/h2>\n\n\n\n

It was during an appearance on the What Bitcoin<\/a> Did podcast that the taboo was broken. Phong Le<\/strong>, CEO of Strategy, admitted for the first time that selling Bitcoin was no longer an absolute prohibition<\/strong>, but a last resort option in case of a liquidity crisis. If the mNAV were to collapse sustainably below the threshold of 1 and traditional financing channels (debt, equity) were to dry up, the company would be forced to liquidate assets to pay its dividends.<\/p>\n\n\n\n

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"We can sell bitcoin, and we would sell bitcoin if we needed to … "

The CEO of Strategy explains when and why they would sell $BTC<\/a>. \ud83d\udc47 pic.twitter.com\/K6lm16uiTz<\/a><\/p>— Satoshi Stacker (@StackerSatoshi) December 1, 2025<\/a><\/blockquote>