Saylor Built a $75K BTC Treasury. Now He's Liquidating It to Pay Early Investors

[Alpen]

On June 1, the market found out that Strategy had sold 32 BTC from its treasury. It was a tiny amount of coins, yet it coincided with a 10% crash in Bitcoin's price over two days. Technically and fundamentally, there were no other obvious reasons for the sell‑off. The US managed to keep talks with Iran alive, and Wall Street indices hit new all‑time highs. In just two days, Bitcoin gave up half of its entire April rally.



Michael Saylor used the proceeds from that Bitcoin sale to pay dividends to holders of a special class of stock that come with guaranteed payouts. Those same BTC had originally been bought with money from earlier investors who bought ordinary shares. It resembles a Ponzi structure. The average price of Bitcoin held in Strategy's treasury is $75,699. New investors are being paid not from the company's profits, but from the money put in by earlier investors.

As a result, MSTR stock plunged 15%. Early next week, Strategy will hold a vote on monthly dividend payments, and Bitcoin could end up falling more often.

[Karl_3000]

It resembles a Ponzi structure.

It resembles ponzi structure but it is not ponzi and much more better like a good business and bitcoin will never fail. Saylor has a very good plan, that is all that I know. I said this because it plan this in a good. If bitcoin did not fall to $8000, expect Strategy not to be affected.

I knew what he did may also have effect on the market, coupled with other things, the market later fall back below $70000 but I know that bitcoin can not fall so much further before rising back. The time for the bear market can still be long, but the extent that the price will fall will not be much.

[AprilioMP]

32 is a small number when viewed in the context of the total holdings. When Bitcoin’s price dropped by 10% over two days, in connection with Saylor’s sale of 32 Bitcoin to pay dividends to special-class shareholders, I don’t think it had anything to do with the decline because, from the sales figures I’ve seen, the volume was still much higher than the buying volume.

Perhaps this is meant to address the market’s current status—whether it’s bearish or bullish. If it’s still at $60K, the market isn’t bearish yet.
Some analysts estimate that the lowest point is still expected in September–October, as highlighted by @DrProfitCrypto in his X post.

[Oshosondy]

32 is a small number when viewed in the context of the total holdings. When Bitcoin’s price dropped by 10% over two days, in connection with Saylor’s sale of 32 Bitcoin to pay dividends to special-class shareholders, I don’t think it had anything to do with the decline because, from the sales figures I’ve seen, the volume was still much higher than the buying volume.

It has a lot to do with the decline. Strategy is the largest bitcoin treasure holders in the world. This is the first time they sold bitcoin, which can even be because of testing and not what they say. Be it anyone, first time sales of bitcoin by the largest bitcoin treasure holder should be expected to lead to this.

Perhaps this is meant to address the market’s current status—whether it’s bearish or bullish. If it’s still at $60K, the market isn’t bearish yet.

The market is bearish.

Some analysts estimate that the lowest point is still expected in September–October, as highlighted by @DrProfitCrypto in his X post.

You said analysts, they can be either right or wrong. I do not know when the bear market will be over, but when it is time, I will post about it on this forum. I can be wrong though.

[AprilioMP]

32 is a small number when viewed in the context of the total holdings. When Bitcoin’s price dropped by 10% over two days, in connection with Saylor’s sale of 32 Bitcoin to pay dividends to special-class shareholders, I don’t think it had anything to do with the decline because, from the sales figures I’ve seen, the volume was still much higher than the buying volume.

It has a lot to do with the decline. Strategy is the largest bitcoin treasure holders in the world. This is the first time they sold bitcoin, which can even be because of testing and not what they say. Be it anyone, first time sales of bitcoin by the largest bitcoin treasure holder should be expected to lead to this.

I still stand by what I said earlier: I don’t believe that the volume of those sales has had an impact on the current price drop. Before the current trading price, Bitcoin had reached a 24-hour high of $73K—whether that was yesterday or two days ago, if I recall correctly. The amount [32 Bitcoin] sold is too small to be linked to the current decline, even though the sales percentage is high based on the available trading data.

Of course, this is just a thought—not something that can be confirmed. It’s possible that if we investigate the cause of the decline, this might be the reason.

Some analysts estimate that the lowest point is still expected in September–October, as highlighted by @DrProfitCrypto in his X post.

You said analysts, they can be either right or wrong. I do not know when the bear market will be over, but when it is time, I will post about it on this forum. I can be wrong though.

We’ll always look forward to it with excitement because it will spark discussion, and the discussions that take place will provide new insights.

[asriloni]

32 is a small number when viewed in the context of the total holdings. When Bitcoin’s price dropped by 10% over two days, in connection with Saylor’s sale of 32 Bitcoin to pay dividends to special-class shareholders, I don’t think it had anything to do with the decline because, from the sales figures I’ve seen, the volume was still much higher than the buying volume.

Perhaps this is meant to address the market’s current status—whether it’s bearish or bullish. If it’s still at $60K, the market isn’t bearish yet.
Some analysts estimate that the lowest point is still expected in September–October, as highlighted by @DrProfitCrypto in his X post.

I agree 32 BTC is a small number, but theorically, it breaks saylor's commitment to never sell his BTC. It means when he in the needs of money, he can liquidate his BTC to get cash in order to pay the dividend to the its stock holders.

It's also the reason he got slamed by so many CTs on X. It's also proving his plan is not even running properly.


OP. i agree with what you posted above. Saylor ain't in good condition right now. When he decided to sold his btc, it means his cash reserve were down so hard. If we're seeing reserved based on his website, saylor's current cashflow can only cover divided up to 7 months.

So it's possible for him to sell more bitcoin, which in resuly another big bearish trend is coming.

[philipma1957]

On June 1, the market found out that Strategy had sold 32 BTC from its treasury. It was a tiny amount of coins, yet it coincided with a 10% crash in Bitcoin's price over two days. Technically and fundamentally, there were no other obvious reasons for the sell‑off. The US managed to keep talks with Iran alive, and Wall Street indices hit new all‑time highs. In just two days, Bitcoin gave up half of its entire April rally.



Michael Saylor used the proceeds from that Bitcoin sale to pay dividends to holders of a special class of stock that come with guaranteed payouts. Those same BTC had originally been bought with money from earlier investors who bought ordinary shares. It resembles a Ponzi structure. The average price of Bitcoin held in Strategy's treasury is $75,699. New investors are being paid not from the company's profits, but from the money put in by earlier investors.

As a result, MSTR stock plunged 15%. Early next week, Strategy will hold a vote on monthly dividend payments, and Bitcoin could end up falling more often.

32÷840,000= 0.00003809

That is not liqudation of his coins.


I believe in free speech so I say your title is anti btc  lying garbage.

Come back when he sells 100,000 btc and I would consider value to the title.

[Synchronice]

I really wish Bitcoin holders were more stable and wouldn't panic every single second. Yes, 32 Bitcoin is small and it couldn't affect the market because Bitcoins, worth billions of dollars are traded every day, so 32 is a drop in the ocean but the real reason is that the largest Bitcoin holder company made its first sell of the Bitcoin, so it created a panic among people but I can't blame Saylor for that, Bitcoin's price is falling too much and there is no positive sign. If he buys back those coins, he makes a profit.
Anyways, we shouldn't blame someone for the price. Did Saylor say he would never sell Bitcoins but still sold? It's his job, even if he affected my financial situation, I can't blame him because he did what was good for him and we all know that this market is driven by big guys and their words and actions have a huge impact.

[EluguHcman]

32 is a small number when viewed in the context of the total holdings. When Bitcoin’s price dropped by 10% over two days, in connection with Saylor’s sale of 32 Bitcoin to pay dividends to special-class shareholders, I don’t think it had anything to do with the decline because, from the sales figures I’ve seen, the volume was still much higher than the buying volume.

To me it has always been incomprehensible to detect the actual cause or actions that is responsible for the Bitcoin spot prices, instead we have only been relied on Speculations with events that usually occurs within the period based on the market sentiments.

However, I can still recall that Saylor had recently talked about selling off some part of the organization BTC holding to settle the institution shareholders and some of us also Speculated how the news was going to trigger investors psychological sentiment to sell due to the potential influence of Saylors in the Bitcoin and crypto market.

So in my opinion, the news opted massive sells from other investors following the sell of the 32 BTCs from Saylors.
It is also true that the number of sold BTC of Saylors alone can not take hold of this current market decline but may also be accompanied by others massive sell off.

[STT]

If its a reaction to just one guy and these 32 coins then its overdone but that doesn't mean its not real, markets can move prices and its a weak move but the price goes there anyway.    The graph of BTC failing to hold 75k is weaker then I expected and its not attempting to recover that level but trading down further, now I would assume its going to repeat a visit to the 200 week moving average.

 I was thinking earlier of why BTC would lose its hype and there is just so much competition now across the money markets, the AI bubble or movement however you view it is dramatic.  Then all the companies supplying that move also have moved gigantically and it puts BTC into the shade for that kind of attention, the speculators chasing profits are likely fully committed to AI or Quantum or any other attractive prospect.
  They may return to BTC some other time but not today so no hype, just leaving the bare and more mundane BTC movement which is still big by itself but often slower so I'll stick to my expectation of this entire year being a revision of prior prices and less hype and grand moves that might have been hoped for.