Rumors are rife in today’s cryptocurrency market. This has caused investors to rethink recent investments. Michael Saylor – former CEO at MicroStrategy – has been rebranded to “Strategy,” The firm’s latest 8-K Form filing with the SEC filed on April 7 indicates that it may have to sell Bitcoin if the price of BTC continues its downward trend.
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Michael Saylor is he ditching Bitcoin?
Michael Saylor – former CEO at MicroStrategy aka Strategy – may have decided to leave Bitcoin. According to a recent rumor, Saylor filed an 8-K with the US SEC stating the company may have to sell Bitcoin in the future if the price continues to drop. The clause, which is called a “standard risk procedure”, may also come into play if BTC falls below the normal thresholds.
“The rumor has it that Strategy filed an 8-K form with the SEC on April 7. Stating that if the price of Bitcoin continues to fall, the company may be forced to sell its Bitcoin holdings to repay debts. It was found that this statement is a standard risk disclosure practice. And it also appears in the 10-Q report for Q1 2024. And reports for 2023 and earlier and is not a special case.”
It is rumored that Strategy has filed an 8K with the SEC stating, that in the event that Bitcoin’s price continues to decline, it may have to sell Bitcoin to cover debts. It was found that this statement is a standard risk disclosure practice, and it…
— Wu Blockchain (@WuBlockchain) April 9, 2025
The aforementioned steps are according to the Cult Blockchain. “may” In extreme cases, it may be possible to liquidate BTCs and refinance the debt.
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Saylor may be forced to abandon its BTC-proponent position if this move is successful. This could send shockwaves throughout the crypto world.
“⚠️ STRATEGY MAY BE FORCED TO SELL BITCOIN, BREAKING ‘HODL’ PLEDGE. In a recent 8-K filing with the SEC, Strategy may be forced to sell its #Bitcoin to meet debt obligation. If $BTC prices continue to decline—potentially breaking Michael Saylor’s @saylor long-standing “Bitcoins are not for sale” stance. The company stated that without access to favorable equity or debt financing.“
⚠️ A BITCOIN HODLING PLEDGE MAY NOT BE HELD, FORCING STRATEGY TO SELL THE BITCOIN
According to a recent filing of 8-K with the SEC by Strategy, it may have been forced into selling its #Bitcoin To meet your obligations, if $BTC prices continue to decline – potentially breaking Michael Saylor’s @saylor long-standing “never… pic.twitter.com/GfLPMmd2SP
— Cult of Blockchain (@BlockchainCult) April 9, 2025
However, it is to be noted that this is merely a speculation. No official confirmation/statement has been made public as of yet.
How Many BTC Does Strategy Hold?
Per a Cult of Blockchain post on X, Strategy currently holds 528,185 Bitcoin.
“Trump has won the November 2024 elections. Strategy acquired 275 965 BTC for an average of $93,228. Unrealized loss now of $4.6 Billion. The company currently owns 528,185 #Bitcoins at a cost of an average $67,458 each, worth $40.119 Billion.”
Current Saylor Stance
Saylor’s current stance, per his latest crypto posts on X, seems to be intact. His latest post talks about Bitcoin’s increasing status as “The digital gold is a new way to buy and sell gold.” evidently outlining his likeness and dedication towards the digital asset.
Digital Gold is Bitcoin pic.twitter.com/FkE0Ynm8KC
— Michael Saylor (@saylor) April 8, 2025
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Source: watcher.guru
