Strategy sold Bitcoin around $60k, now buying again at $80k - ano ang logic?

[Maslate]

I’m sure familiar kayo sa Strategy and their huge Bitcoin holdings.

Gusto ko lang malaman ang opinion ninyo dito kasi medyo confusing yung recent moves nila. In the past few months, nagbenta sila ng Bitcoin around $59k-$64k, then ngayon bumili ulit sila ng 4,603 BTC at average price na around $80,318.

Normally ang simple logic natin is buy low and sell high, pero parang opposite yung nangyari dito. Although may reason naman sila because some of those BTC sales were used for their preferred-share obligations and buybacks, still interesting na ngayon bumibili ulit sila at much higher price.

Ano sa tingin ninyo ang strategy behind this? Is this just normal corporate treasury management, or may value ba silang nasayang by selling BTC lower and buying it back higher?

Sources:
https://www.sec.gov/Archives/edgar/data/1050446/000119312526341297/mstr-20260810.htm
https://finance.yahoo.com/markets/crypto/articles/strategy-just-bought-bitcoin-first-232646299.html

[cryptoaddictchie]

Ano sa tingin ninyo ang strategy behind this? Is this just normal corporate treasury management, or may value ba silang nasayang by selling BTC lower and buying it back higher?

Technically theres a slight hiccup sa kanilang strategy pero mahirap kasing sabihin na palpak ito dahil ang nangyayari eh ay may cases sila na buy high sell low. Pero sa average dca nila I think lamang pa din yung win or profit sa record nila howevet may mga cases like yung need nila magsell para sa shared obligation ng company.

Mahirap ijudge ang movement ng Strategy lalo pa malaking firm ito para sabihin na careless sila and I think na heres  board decision para sa mga ganitong big purchases and sold action at di lang si Saylor ang nagdedecide.

Just my 2 cents.

[Maslate]

Ano sa tingin ninyo ang strategy behind this? Is this just normal corporate treasury management, or may value ba silang nasayang by selling BTC lower and buying it back higher?

Technically theres a slight hiccup sa kanilang strategy pero mahirap kasing sabihin na palpak ito dahil ang nangyayari eh ay may cases sila na buy high sell low. Pero sa average dca nila I think lamang pa din yung win or profit sa record nila howevet may mga cases like yung need nila magsell para sa shared obligation ng company.

Mahirap ijudge ang movement ng Strategy lalo pa malaking firm ito para sabihin na careless sila and I think na heres  board decision para sa mga ganitong big purchases and sold action at di lang si Saylor ang nagdedecide.

Just my 2 cents.

I think ganon nga, in overall profit pa rin sila.

At ang pagkakaalam ko, hindi naman sariling pera ng Strategy lahat ng ginagamit nila dito. Galing din sa investors through shares at ibang securities, tapos kikita ang Strategy through the structure ng business nila.

Kung malugi man ang investment, malaking part ng risk nasa investors din. So basically, yung mga taong ayaw direktang bumili at humawak ng Bitcoin, hinahayaan na lang nila ang Strategy ang gumawa nun para sa kanila, pero ibang setup siya compared sa direct na pagbili at pag-own ng BTC.

[GreatArkansas]

Para sa akin kailangan talaga nila yan kasi recently sa pagkakaalam ko tinesting nila ang market at may need sila patunayan = Liquid nga ba ang Bitcoin? Which for me good thing na din para malaman ng iba at magkainterest gayahin sila.

Second, need nila magbenta to pay some of their bills. Next ay bakit nabili sila ulit ngayon at higher price compared sa recent selling price = para sa akin, this is how the market works, like for sure, base sa analysis nila na magiging bullish pa ang Bitcoin and malab on a ito mag dump pa na makakabili pa sila ng murang prices, so isa siguro yan sa mga reasons nila.

[LogitechMouse]

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Ano sa tingin ninyo ang strategy behind this? Is this just normal corporate treasury management, or may value ba silang nasayang by selling BTC lower and buying it back higher?

Para sa akin, ito yung mga rare instances ng mga events na hindi na natin dapat isipin ng sobra-sobra dahil alam natin na may personal na rason sila kaya sila nagbenta nung nasa "bottom" pa ang price ng Bitcoin.

One word lang. PRIORITIES. May priority sila nung mga time na yun kaya NAPILITAN silang magbenta ng Bitcoin regardless sa price niya. Ngayon bumili ulit sila dahil sa tingin ko ay itutuloy na ulit nila yung pagbili ng Bitcoin para i-hold sa long term at ayaw nilang mahuli sa byahe pataas . Para sa karamihan, wala sigurong sense itong mga recent moves ng Strategy, pero naniniwala ako na may rason kaya nila ito ginawa.

Ang average buying price nila ng Bitcoin ay $75,412 per coin at base sa current price, nasa breakeven price pa rin sila so mukhang okay lang sa kanila na bumili sila sa $80,000. In the long run, tiwala naman sila na magproprofit sila.

[julerz12]

In the past few months, nagbenta sila ng Bitcoin around $59k-$64k, then ngayon bumili ulit sila ng 4,603 BTC at average price na around $80,318.

Ano sa tingin ninyo ang strategy behind this? Is this just normal corporate treasury management, or may value ba silang nasayang by selling BTC lower and buying it back higher?

That was done para may maipambayad sila sa kanilang mga preferred shareholders; and at the same time, dahil sa ginawa nila, they are now debt-free (they were previously $7 billion in net debt).
Since technically, debt-free na sila plus actually paying their preferred shareholders, mataas na ulit ang kumpiyansa ng mga investors sa company nila. Kaya nakapagbenta na naman sila ng mga panibagong shares ng kanilang common stock at ang kinita nila from that ang pinambili na naman nila ng BTC.  Which is what the company really aims for: maparami pa ng ilang folds ang BTC Holdings nila.
BTW, those 7,000 BTC sold at $60k, 1% lang ng total BTC holdings nila yan. 

[abel1337]

In the past few months, nagbenta sila ng Bitcoin around $59k-$64k, then ngayon bumili ulit sila ng 4,603 BTC at average price na around $80,318.

Ano sa tingin ninyo ang strategy behind this? Is this just normal corporate treasury management, or may value ba silang nasayang by selling BTC lower and buying it back higher?

That was done para may maipambayad sila sa kanilang mga preferred shareholders; and at the same time, dahil sa ginawa nila, they are now debt-free (they were previously $7 billion in net debt).
Since technically, debt-free na sila plus actually paying their preferred shareholders, mataas na ulit ang kumpiyansa ng mga investors sa company nila. Kaya nakapagbenta na naman sila ng mga panibagong shares ng kanilang common stock at ang kinita nila from that ang pinambili na naman nila ng BTC.  Which is what the company really aims for: maparami pa ng ilang folds ang BTC Holdings nila.
BTW, those 7,000 BTC sold at $60k, 1% lang ng total BTC holdings nila yan. 

From the looks of it, mukang strategic move nila yun kasi ipit na din sila sa debt nila at mas mag kaka freedom sila and will gain more options to make another moves.

I think selling at 60k is a result of unforeseen circumstances at failed sustenance strategy nila before, at itong move nato ang small price to pay nila para maka move on sila at ma regain ang trust ng public to buy their stocks.