2025-12-23 15:24:01

The recent actions of the world's largest publicly traded company holding BTC are worth following. According to the latest data, this company currently has over $2.2 billion in cash reserves, sufficient to pay dividends for 32 months. What does this shift reflect?

Interestingly, this completely overturns the founder of the company, Michael Saylor's earlier ironclad stance of "only BTC, no USD." Why the change of heart? On the surface, it is a response to the ongoing short-selling pressure, but the deeper logic is worth pondering. As of 2025, the company's BTC holdings have surpassed 660,000 coins, and at this level, it naturally becomes a target for short-selling institutions, with liquidity risks also rising.

This cash reserve strategy is actually a win-win situation. On one hand, strengthening financial stability can directly resist the impact of short selling, avoiding the need to be forced to sell BTC for cash; on the other hand, this action itself is a signal to the market— we have the strength to cope with short-term fluctuations, and BTC holdings are as solid as a rock. How important is this for maintaining market confidence? Just think, if such large players are forced to sell, what changes would occur in the overall market expectations? Therefore, rather than saying this is a strategy adjustment, it's better to say that the market stabilizer is doing what it needs to do.

BTC-0.27%

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ProbablyNothing

· 12-23 15:54

Has Saylor really changed his ways? With a cash reserve of 2.2 billion dollars, this guy has finally come to terms with reality.

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MEVvictim

· 12-23 15:51

Saylor has really changed his tune this time, being flexible and adaptable. But speaking of which, 660,000 BTC is indeed a size that can easily be targeted, so storing some USD for defense is quite smart... It's just that this change happened a bit quickly? What happened to that "extremely bullish" persona from before?

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MEVictim

· 12-23 15:47

Saylor really has turned over a new leaf, with $2.2 billion in cash ready, this strategy is incredible. To be honest, the crypto world needs Large Investors like him to support it, otherwise the short positions would directly crash the market. Holding 660,000 BTC, the pressure must be immense, this guy now understands what it means to "stability trumps everything." Clever, piling up cash on the surface actually means - I won’t play people for suckers, you can short all you want. It sounds a bit ironic now, but the previous ironclad declaration about BTC, however, the crypto world is like this, surviving is more important than principles. This set of operations is like disarming the shorting institutions, playing the market psychology incredibly well.

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DEXRobinHood

· 12-23 15:38

Saylor's recent moves are indeed interesting; it's inevitable that 660,000 BTC has caught attention, and holding cash is a psychological game against the shorting side.

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Layer2Observer

· 12-23 15:37

An interesting discovery - there's a detail here worth pondering; the 2.2 billion cash reserve seems defensive, but from an engineering perspective, it's more like adjusting the leverage ratio of the capital structure. However, it's important to clarify that describing it as a "market stabilizer" might be an overinterpretation. Let's look at the data: the volume of 660,000 BTC is indeed sufficient to become a shorting target, but can the cash reserve itself effectively counter systemic risks? This needs further verification.

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zkNoob

· 12-23 15:37

Saylor really surprised us this time, he's changed his stance.

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