Chief Investment Officer of Strive, Ben Werkman, stated that if Bitcoin remains at low levels for the long term, Bitcoin reserve companies relying on convertible bond financing may face pressure to sell Bitcoin, restructure debt, or pursue mergers and acquisitions. He believes that Strategy's sale of 32 BTC is strategically significant and helps demonstrate to the market that Bitcoin has the liquidity to support companies in fulfilling dividend obligations. (TheBlock)

BTC2.68%
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FloatingTeacup
· 7h ago
32 tokens proving liquidity... Does this make the amount a bit humorous?
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GateUser-c4e25c95
· 7h ago
When the reserve company reaches that point, selling coins to pay off debts becomes a death spiral, and Ben's words are quite tactful.
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SeeingTheChainThroughTheFog
· 7h ago
Selling 32 BTC and claiming it has strategic significance—I'm impressed by this PR talk.
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TheBluePeony'sProphecy
· 8h ago
Convertible bond players fear sideways price movement the most—interest keeps being paid, but repaying the principal is hard. Those who know, know.
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