Strategy reached 650,000 Bitcoins, but faces concerns over selling.

Source: Criptonoticias Original Title: Strategy reached 650,000 bitcoins amid fears of possible sales Original Link: https://www.criptonoticias.com/mercados/strategy-650000-bitcoin-temor-posibles-ventas/

• Strategy is the publicly listed company holding the most Bitcoin (BTC).
• Currently, the company continues to maintain its solvency.

The Strategy company, led by Michael Saylor, recently completed a new purchase of $11.7 million in Bitcoin (BTC).

Through this transaction, the company increased its holdings to 650,000 BTC. Currently, it is the publicly traded company with the largest corporate Bitcoin reserves.

Strategy holds 650,000 BTC in its corporate reserves.

These purchases occurred as the price of Bitcoin fell, with Bitcoin dropping below $90,000 again, along with the statement from the company's CEO Phong Le regarding a potential sale.

“We can sell Bitcoin if we need to finance dividends below 1x. This is our main KPI. Below 1x MNAV, selling Bitcoin to pay dividends is more efficient for BTC returns, and in this case, we would do so,” the CEO said.

MNAV is an indicator that reflects the adjusted net asset value per share, used to assess immediate financial health. If it falls below 1, the Strategy may face financing difficulties.

Although Phong Le pointed out that there are no plans to sell BTC, he acknowledged that there may be peer-to-peer sales to cover obligations or take advantage of tax benefits.

However, the MNAV of Strategy dropped below 1 in November, but no sales occurred; on the contrary, the company continued to purchase more Bitcoin, indicating that the company maintains its solvency and does not face urgent liquidity demands.

On the other hand, this American company announced the establishment of a new $1.44 billion dollar reserve, which is a fund aimed at ensuring dividend and interest payments for the next 12 to 21 months. The reserve is financed through stock sales, rather than Bitcoin sales.

The risk of BTC is that if the fund runs out or asset prices drop too much, the Strategy may be forced to abandon some positions to cover these obligations. As the largest corporate holder of BTC, forced sales will have a corresponding psychological and market impact on asset prices.

At the same time, this decision can be interpreted in another way: the company ensured two years of operational peace of mind, provided protection amidst repeated questions about how to finance dividends, and reduced short-term pressure. This is, to some extent, a measure to continue its strategy without disruption.