michaelsaylo

#Bitcoin #Crypto #Investing #MichaelSaylo #BTC
تتبع المزيد والمزيد من الشركات المدرجة في البورصة خطى مايكل سايلور، حيث تقوم بتكديس البيتكوين مباشرة في ميزانياتها العمومية - وهي الخطوة التي كانت بمثابة حافز رئيسي لرفع أسعار أسهمها وقيمة المساهمين.
لكن كيف يُمكن لهذا الاتجاه أن يُشكّل مسار بيتكوين على المدى الطويل؟ أجرت شركة NYDIG للأبحاث تحليلًا للأرقام، والنتائج مُثيرة للاهتمام.

Bitcoin treasury stocks may have seen the worst of their declines, with an investment firm ending its short position on Strategy after its mNAV decline “played out.”Shares in Bitcoin treasury companies could be nearing the end of a period of dampened price action after an investment firm said it closed its short position against Strategy, the largest corporate Bitcoin holding company.
Kynikos Associates founder James Chanos saidon Sunday that his investment firm unwound its short position on Michael Saylor’s Strategy (MSTR) and a long position on Bitcoin BTC$106,202 at the start of the trading day on Friday.“The Bitcoin treasury company bear market is gradually coming to an end,” The Bitcoin Bond Company CEO, Pierre Rochard, said in response.
Chanos said that shares in Strategy are down about 50% from their 2025 high and that the company’s market Net Asset Value (mNAV) has compressed to 1.23x.
“It is prudent to cover this trade with mNAV below 1.25x, having dropped from ~2.0x as recently as July 2025,” Chanos wrote in a note.
He added that MSTR’s implied premium, its enterprise value minus the value of its 641,205BTC stash, has fallen from about $70 billion in July to $15 billion, suggesting the company may now be better valued.
While MSTR may still experience more mNAV compression, particularly if it issues more common equity, “the thesis has largely played out,” Chanos said.“This is the kind of signal you want to see for a reversal,” said Rochard.
Shares in many of the 200 publicly traded companies holding Bitcoin on their balance sheets have tumbled in recent months, which has led some analysts to doubt the sustainability of Bitcoin treasury strategies.
MSTR, Metaplanet down massively from mid-year
Strategy has been the hardest hit in total value terms, with its market cap falling over 43%from $122.1 billion in July to $69.5 billion as of Friday.Metaplanet, one of the best-performing stocks on the Tokyo Stock Exchange to start 2025, has similarly seen its market cap slashed by 56%since June 21.
Related: Can Bitcoin bulls avoid the cycle’s fourth ‘death cross’ at $102K?
Other Bitcoin buying companies have even had to offload some of their BTC holdings to pay outstanding debt.
Crypto market pressure could soon ease
One of the biggest factors holding the market back has been the US government shutdown,  however, multiple US media outlets reportedt on Sunday that the Senate reached an agreement to pass a package of budget bills to end the shutdown.
Bitcoin bounced 2% to $106,430 within 50 minutes of the reports, suggesting that the government reopening could boost sentiment toward the crypto market.#bitcoin #MichaelSaylo $BNB $SOL

Get this: Strategy, led by Michael Saylor, just signaled another massive Bitcoin buy! They've been on an 8-week buying spree, and their BTC stash is already HUGE – bigger than some entire countries' holdings! 🤯
They just snagged another 4,020 BTC, worth around $427 million. This brings their total to a staggering 580,250 BTC! Some analysts think Strategy's buying is changing the game, possibly leading to a supply shock that sends Bitcoin to the moon! 🌕
But not everyone's convinced. Some are asking for proof of reserves, wondering if Strategy really holds all the Bitcoin they claim. Saylor argues that such audits could expose their wallets to hackers. 🛡️
Are these concerns valid, or is this just FUD? What do you think of this?
Keep up with the trends!
#MichaelSaylo #Strategy #Bitcoin #CryptoNews #BTC

Michael Saylor one of the largest known Bitcoin holders and executive chairman of Strategy , made headlines at BTC Prague 2025:

He said: I think we’re going to be $21 million in 21 years.

📊 2025 Holding Update:
From June 9 to 15, Strategy purchased 10,000+ BTC for $1.05 billion
→ at an average price of $104,000 per BTC

This brings their total BTC stack to over 214,400 BTC all bought as part of a long-term conviction strategy.

He believes Bitcoin’s fixed supply + rising global adoption will push price beyond imagination.

Governments are waking up. ETFs are flowing in.
This isn’t hype it’s a time horizon most won’t survive.

Would you hold BTC for 21 years?
#Bitcoin #MichaelSaylo #BTC2025 #BinanceFeed