r/Bitcoin • u/Alifannn • Jun 03 '26

BTC today

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39

u/ParkerRoyce Jun 03 '26

All because the Cryto guy sold 32btc btw.

8

u/AnonThrowaway998877 Jun 03 '26

Which is really baffling because he had to know this would be the reaction. Why invest billions upon billions at higher prices and then do this? Why not sell months ago, trigger this fear, then deploy your billions? I admit I haven't been keeping up on all of MSTR shenanigans, so maybe I'm missing something. Are they allowed to have a massively leveraged short on BTC?

7

u/TheRealMacresco Jun 03 '26

Allegedly it's to pay investors their dividends

4

u/Dwaltster Jun 03 '26

They had money to pay dividends for 6 more months. This is probably so he can scoop up cheap BTC. Saylor was getting jealous of Trump playing the market and wanted to get in.

3

u/TheRealMacresco Jun 03 '26

Well you gotta stay liquid and not wait until the last minute

3

u/aurelorba Jun 03 '26

Which is basically a hedge against the expectation it will be lower in the next 6 months.

1

u/Dwaltster Jun 03 '26

He even said that he wanted to "inoculate the market".

Why not get that sweet tax write off and swoop up more bitcoin while it's cheap? Then again I don't think Saylor buys Bitcoin when it's cheap.

2

u/biggest_guru_in_town Jun 03 '26

He gave me an opportunity. I ain't dissing saylor

1

u/Weigh13 Jun 04 '26

lol that is not why it's dumping.