MicroStrategy blinks on Bitcoin

In this episode we are looking at Strategy Inc (still trading as $MSTR), the company built around Michael Saylor’s Bitcoin bet. For the first time, management has said they could sell part of their huge Bitcoin stash if market conditions turn against them. That hint alone is enough to make traders ask what happens if one of the biggest corporate Bitcoin whales starts selling into a shaky market.

Winners -

Crypto exchanges and trading platforms

Reason: Any serious change in a major whale’s behaviour usually means more volatility and more trading, which is exactly what platforms monetise through fees and spreads, whatever direction Bitcoin takes.

Names: Coinbase Global - $COIN, Robinhood Markets - $HOOD

Traditional brokers and asset managers

Reaso ...