#BTC $BTC


Strategy (formerly MicroStrategy) breaks the "only buy, never sell" belief ⚡ plans to sell up to $1.25 billion in BTC, establishing two $1 billion share repurchase programs each.
mNAV falls below 1x, funding premium disappears, stock price drops 80% in one year. Preferred shares fall below par value of $100.
The "only buy, never sell" narrative officially collapses, raising doubts about the sustainability of an important marginal demand source for BTC.
BTC-2.11%
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