{"id":465348,"date":"2021-06-09T22:01:08","date_gmt":"2021-06-09T22:01:08","guid":{"rendered":"https:\/\/uniquehot.com\/?p=465348"},"modified":"2024-06-11T09:29:02","modified_gmt":"2024-06-11T09:29:02","slug":"michael-saylor-sell-bitcoin-theory","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/michael-saylor-sell-bitcoin-theory\/","title":{"rendered":"Can Bears Force Michael Saylor To Sell His Bitcoin? Analyst Shared Bullish Theory"},"content":{"rendered":"

In May, an alleged \u201cinsider\u201d claimed that a group of Bitcoin Whales were trying to get a series of positions liquidated from a big player. Justin Sun, founder of blockchain TRON, and Michael Saylor, CEO of software company MicroStrategy, were the top 2 suspect targets.<\/a><\/p>\n

The rumor has extended as Saylor announced new BTC purchases and issued more debt for the company to expand its BTC holdings. As it was reported recently, the company will use $1.6 billion obtained via a debt instrument to buy more Bitcoin.<\/p>\n

With the cryptocurrency losing over 50% of its value in over a month, many wonder what will happen if the downtrends continue, will MicroStrategy<\/a>\u2019s position be compromised?<\/p>\n

Anonymous analyst \u201cdegentrading\u201d tackled this \u201cSaylor Fud\u201d and claims that the executive\u2019s and his company\u2019s situation is \u201cnot as dire\u201d. The analyst said<\/a>:<\/p>\n

The latest bond issuance will only be senior secured on the BTC that he plans to accumulate on the proceeds from this issuance. I.E – Even if this 400M bid fails to support the market and there is liquidation – the 92,079 of BTC held will NOT be at risk.<\/p><\/blockquote>\n

The analyst went more in-depth on MicroStrategy\u2019s capital structure. The company has 2 outstanding bonds to be mature by 2025 and 2027<\/a>. The former has a 0.75% interest and the other has none, as seen below.<\/p>\n

\"Bitcoin
Source: Degentrading (@hodlKRYPTONITE)<\/figcaption><\/figure>\n

Will MicroStrategy Sell Their Bitcoin (BTC)?<\/h2>\n

The software company must pay around $5 million annually in interest for their debts. As the analyst concluded, MicroStrategy generates around $50 million in net profit per year. In theory, the company can pay for its financial commitments.<\/p>\n

This means that from now till 2025 at least, Saylor CANNOT be liquidated as long as he pays the interest on the 0.75% 2025 bond.<\/p><\/blockquote>\n

Other users claim that Michael Saylor could be forced out of his position as CEO. The company would then be free to sell their Bitcoin, in case of a major drop in the crypto market. With over 90,000 BTC in their treasury, this would create enough selling pressure to push BTC\u2019s price further down.<\/p>\n

However, Saylor<\/a> owns 25% of the business and holds 72% of the shares with 10x voting power, as the analyst discovered: \u201cSaylor CANNOT be forced by anybody to sell\u201d.<\/p>\n

\u201cDegentrading\u201d reached three important conclusions. First, the most recent debt acquired by MicroStrategy will not have an effect on their overall Bitcoin holding; the company cannot be liquidated out of its position. Second, the interest rate is too low to put the company at risk.<\/p>\n

Finally, Saylor has enough control over the board, due to his high voting power, to keep his post as CEO and hold their BTC.<\/p>\n

As the chart below shows, MicroStrategy (MSTR) shares were once valuated at $3,000 during the year 2000. By the end of that year, the company went on to lose 99.6% of its value until their BTC purchase announcement in 2020.<\/p>\n

\"Bitcoin
Source: Degentrading (@hodlKRYPTONITE)<\/figcaption><\/figure>\n

For over two decades, as the analyst said, Saylor has held his position. The recent crash in Bitcoin\u2019s price is but \u201ca blip\u201d in the executive\u2019s history with the market.<\/p>\n

At the time of writing, BTC trades at $36,553 with gains in the lower timeframes, but heavy losses in the 2 week and 30-day charts.<\/p>\n

\"Bitcoin
BTC with bullish momentum in the 24-hour chart Source: BTCUSD Tradingview<\/a><\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

In May, an alleged \u201cinsider\u201d claimed that a group of Bitcoin Whales were trying to get a series of positions liquidated from a big player. Justin Sun, founder of blockchain TRON, and Michael Saylor, CEO of software company MicroStrategy, were the top 2 suspect targets. The rumor has extended as Saylor announced new BTC purchases and issued more debt for the company to expand its BTC holdings. As it was reported recently, the company will use $1.6 billion obtained via a debt instrument to buy more Bitcoin. With the cryptocurrency losing over 50% of its value in over a month, many wonder what will happen if the downtrends continue, will MicroStrategy\u2019s position be compromised? Anonymous analyst \u201cdegentrading\u201d tackled this \u201cSaylor Fud\u201d and claims that the executive\u2019s and his company\u2019s situation is \u201cnot as dire\u201d. The analyst said: The latest bond issuance will only be senior secured on the BTC that he plans to accumulate on the proceeds from this issuance. I.E – Even if this 400M bid fails to support the market and there is liquidation – the 92,079 of BTC held will NOT be at risk. The analyst went more in-depth on MicroStrategy\u2019s capital structure. The company has 2 outstanding bonds to be mature by 2025 and 2027. The former has a 0.75% interest and the other has none, as seen below. Will MicroStrategy Sell Their Bitcoin (BTC)? The software company must pay around $5 million annually in interest for their debts. As the analyst concluded, MicroStrategy generates around $50 million in net profit per year. In theory, the company can pay for its financial commitments. This means that from now till 2025 at least, Saylor CANNOT be liquidated as long as he pays the interest on the 0.75% 2025 bond. Other users claim that Michael Saylor could be forced out of his position as CEO. The company would then be free to sell their Bitcoin, in case of a major drop in the crypto market. With over 90,000 BTC in their treasury, this would create enough selling pressure to push BTC\u2019s price further down. However, Saylor owns 25% of the business and holds 72% of the shares with 10x voting power, as the analyst discovered: \u201cSaylor CANNOT be forced by anybody to sell\u201d. \u201cDegentrading\u201d reached three important conclusions. First, the most recent debt acquired by MicroStrategy will not have an effect on their overall Bitcoin holding; the company cannot be liquidated out of its position. Second, the interest rate is too low to put the company at risk. Finally, Saylor has enough control over the board, due to his high voting power, to keep his post as CEO and hold their BTC. As the chart below shows, MicroStrategy (MSTR) shares were once valuated at $3,000 during the year 2000. By the end of that year, the company went on to lose 99.6% of its value until their BTC purchase announcement in 2020. For over two decades, as the analyst said, Saylor has held his position. The recent crash in Bitcoin\u2019s price is but \u201ca blip\u201d in the executive\u2019s history with the market. At the time of writing, BTC trades at $36,553 with gains in the lower timeframes, but heavy losses in the 2 week and 30-day charts.<\/p>\n","protected":false},"author":535,"featured_media":465349,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,1144],"class_list":["post-465348","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nCan Bears Force Michael Saylor To Sell His Bitcoin? 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His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/uniquehot.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Can Bears Force Michael Saylor To Sell His Bitcoin? 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