This is dissapointing imho:
https://cryptoslate.com/microstrategy-says-it-could-sell-bitcoin-to-pay-long-term-debt-obligations/
They sold some last year for tax harvesting.
It’s part of their business. Reading that it’s not due till 2025,2028.
More for the rest of us. 😃
They are obligated to their shareholders to disclose any plan forward to meet obligations. Transparency is commendable.
Don’t be surprised if they buy more in the mean time.
Yes, I know that. It is also mentioned in the article. But why have obligations on your bitcoin holding? That is dissapointing. They should be able to hold their complete stash without any obligations imho. With the exception of tax harvesting ofc.
And in Malta it is even not necessary to pay any tax om your holdings by the way. The Weath tax is also unfair imho.
*wealth
It’s widely known that bitcoin is their savings vehicle on their balance sheet.
Businesses expand and contract. Not sure what other option they have considering.
Hopefully the bitcoin / lightning for corporations initiative is a way they can turn that bitcoin capital into another working revenue stream.
Time will tell.
Yes agreed - the main manner in which they may not have to realistically sell Bitcoin to help pay off future debt obligations would have been to not take out those debt obligations (to buy Bitcoin, no less) in the first place!
So I think that statement by MSTR is self explanatory. By all means disagree with their policy to borrow in the first place, but there’s no news here.
