Strategy: Bitcoin Holdings May Be Sold in Market Stress, But Targeted Sales Remain Key

MicroStrategy’s rebranding as Strategy has made it the world’s largest Bitcoin holder, boasting nearly 650,000 BTC. This substantial Bitcoin reserve serves as a proxy for institutional exposure, with many investors turning to their stock for indirect Bitcoin exposure via capital raises converted into digital assets. However, recent comments from CEO Phong Le suggest that Strategy might sell part of its Bitcoin holdings only if market conditions become too dire. This would happen if the company’s market value falls below or meets its Bitcoin holdings, and access to new capital becomes severely restricted.