You guys are talking about it like there are no other strategies that are available to him.
Who knows, maybe he is playing a Mark Cuban strategy....with derivatives?
In short...buy puts, sell calls, then sell the whole 5bil at once...profit.
The size is similar to Cuban's and i am sure either Goldman or Cantor Fitzerald would make such a deal with him.
Overall, I am not sure what is the purpose of MSTR any longer.
To support STRC divvy?
Who gives a s-t about STRC?
Not many people.
If he had any other options available he would take them. He’s selling Bitcoin at a loss, selling common shares in dilutive fashion, and his credit offerings are below par. The situation actually couldn’t get any worse (unless the lawsuits against him gain traction). At least it is a good sign we are near the bottom. Once he sells that $5 billion in Bitcoin it can literally only get better. That will be the time to buy.
Well its possible he want to play that style what Cuban did on other investment matter. But the issue of MSTR is their old financing windows is now gone. Also their balance sheet is tied heavily on the volatility of Bitcoin. I think that sale they made happen, because they don't have a choice since the market is not cooperating on their plans.
If they completely dump that $5B they planned, well yeah that provably marks the bottom and maybe those force sellers will gone. I'm interested to follow what are the next action they do. Since for sure that it will create lots of noise in the scene.