The strategy (previously Microstrategy) fell by 11.26 % after the 8-K model to SEC and announcing an unrealized loss of $ 5.91 billion on Bitcoin’s assets. Here is what happens and what are the real risks.
Bitcoin Strategy in Bilico: Potrebbe Essere Costretta A Vendre I Suoi BTC
In her speech Form 8-k presented to the Supreme Education Council On April 7, 2025The previous Microstrategy has issued a warning signal: In the absence of favorable financing, the company may have to do so Filter part of his reserves in Bitcoin To meet debt obligations. This scenario will contradict the historical Mantra.Do not sell bitcoinFrom the founder Michael Celor.
The attention of the markets is caught by the attention of the markets:
“The company may have to sell Bitcoin under unfavorable conditions in the event of additional prices, if it is not able to reach the tools of property or new debts.”
Although the statement falls within the standard risks items, which were previously mentioned in the reports of 10 -q and the previous communications of 2023, The market reaction was strongNourish investor fears.
What the deposit says is really 8-k
The document, visible on the first page of the SEC model, does not announce an imminent sale of BTC, however It explicitly states risks In the case of unfavorable financial scenarios. This is a practice according to updated accounting standards (ASU 2023-08), which now requires Acknowledging the fair value of the assets of encryption in the public budget at every closing of a quarter of annual.
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The average book value of the 528,185 BTC holds by the company 67458 dollarsWhile the market price is currently present 40,119 billion dollars. This leads to an unrealized loss around 5.91 billion dollarsWith a major impact on the public budget.
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Post -election purchases and now … a mountain of losses
After Donald Trump’s victory in the USA elections in November 2024, the strategy increased by the BTC wallet, and its purchase increased 275,965 bitcoin with an average of 93,28 dollars. However, the price of bitcoin has suddenly decreased in recent weeks, 6.3 % decrease on April 7, 2025Due to the new geopolitical and commercial tensions.
The result? An undesirable loss More than $ 4.6 billion Only on this slide of the last purchases.
What sparked the collective sale process
The accident in the stock market in MSTR only caused the SEC model content. Other pressure -pressure factors:
- New mandatory accounting standards from January 1, 2025Which requires modifying fair value encryption in the quarterly financial statements;
- No donation collection activity In the following weeks Q1 2025: There is no sale for shared or favorite shares, nor to buy the new BTC;
- The scarcity of liquidity and high financial leverWhich increases the risks in the case of long fluctuations.
These elements created the context of instability, which leads to A clear quarterly lossDespite the $ 1.69 billion tax interest.
Mstr at -11 % and pressure on institutional investors
Shares MSTR recorded a decrease of 9.7 % on the market before the market Today it was closed in red by more than 11 %. It focuses a significant loss that reflects the increasing uncertainty about the company’s strategy sustaining exclusively on bitcoin.
Investors now ask themselves a major question: Will the strategy really sell BTC or is it just a vood (fear, uncertainty, doubt)?
The answer, now, is that There is no announced sale. But in the climate of high rates, low confidence in digital safe havens and macro difficulties can lead to a simple precautionary statement until it leads to the storm.
An increasingly unstable global context
Negative feelings also feed the macroeconomic context:
- Commercial definitions Recalin by TrumpWith negative effects on global markets;
- The collapse of European and Asian stock exchanges, with a decrease in FTSE MIB and DAX by 2.5 %;
- The price of oil has decreased by 20 % since April 2;
- Angry fluctuations on American stock indicators, with Nasdak decreased by 12 % in one week;
- Bitcoin, traditionally a safe haven at unconfirmed times, The reaction of “digital gold” is no longer.
What do you expect now: Resistance or surrender?
Analysts are divided. On the one hand, the public budget of the strategy remains strong, with 528185 BTC worth more than $ 40 billionA huge competitive feature in the medium to long term. On the other hand, the leverage and the lack of space for the short -term maneuver is a tangible danger if the pressure increases.
In summary, The threat of the sale is not new, but today it is more realistic than ever. Even without immediate liquidation, just the idea that Microstrategy may sell it enough to shake the encryption markets and securities.
An opportunity or a warning signal for strategy shares ($ MSTR)?
This crisis can turn into an opportunity for those who have a long -term horizon and believe in the strategic value of Bitcoin on the public budget. But in the short term, The danger is tangibleEspecially for those who are exposed to MSTR or the origins related to Criptovalute feelings.
The next quarterly reports will be decisive. Every word from Michael Sailor can weigh the entire ETF.
