CEO Breaks Silence: $46 Billion Bitcoin Liquidation Timeline Revealed Amid Strategy Crash Rumors
Whispers of a major crypto strategy unraveling just got a lot louder. The CEO at the center of the storm has finally stepped forward—and dropped a bombshell timeline for when nearly $46 billion in Bitcoin hits the market.
The Countdown Begins
Forget speculation. The executive laid out a clear schedule, moving the conversation from 'if' to 'when.' The sheer scale of the potential sell-off—$46 billion worth of Bitcoin—is enough to make any portfolio twitch. That's not a correction; that's a tectonic shift.
Market Mechanics on Overdrive
This isn't about a few coins trickling onto an exchange. We're talking about a coordinated, massive liquidation event with a predefined trigger. The move bypasses gradual unwinding strategies, opting instead for a single, market-shaking transaction. It cuts through typical hedging narratives, presenting a raw supply shock scenario.
Reading Between the Lines
The announcement does more than just provide a date. It reveals the underlying pressure—whether from regulators, creditors, or a simple strategic pivot gone wrong. In classic finance fashion, it's a masterclass in managing a narrative while the foundation cracks. Nothing says 'confidence' like a pre-announced, multi-billion dollar fire sale.
Brace for impact. When that timer hits zero, the entire digital asset ecosystem will feel the tremor. The only question left is who's holding the bag when the music stops—because on Wall Street, someone always is.
Strategy CEO Reveals When They Will Sell Bitcoin
During an interview on the ‘What bitcoin Did’ podcast, the Strategy CEO said they could sell Bitcoin to fund dividend payments on their preferred shares if the mNAV is trading below 1. He alluded to the BTC yield, which is their primary KPI, and that under 1x mNAV, it is more “creative” to sell their BTC holdings to pay the dividends.
The Strategy CEO explained that they typically raise capital when their mNAV is above 1 to fulfill their obligations, even when it is below 1. He alluded to the 2022 crypto winter when they bought back their Bitcoin-backed loans as proof that they had prepared in advance for such market conditions. However, when they are unable to raise capital, Phong Le stated that they will have no option but to sell their BTC holdings.
Strategy data shows that their mNAV is currently at 1.19. Meanwhile, the company currently holds 649,870 BTC, worth around $55 billion. With the MSTR stock on a downtrend, Michael Saylor’s company still faces the risk of seeing its mNAV fall below 1 for a sustained period. TradingView data shows that the stock is now down over 40% year-to-date (YTD) from a 2025 high of around $455.
There were recently rumors that Strategy supposedly sold some of its Bitcoin holdings, which Saylor quickly denied. The company then went on to make one of its largest purchases this year, buying 8,178 for $836 million. This formed part of the proceeds from the company’s STRE offering.
Saylor Teases Another Bitcoin Purchase
In an X post, Michael Saylor teased another Bitcoin purchase from Strategy. He posted the company’s BTC portfolio tracker with the caption, “What if we start adding green dots?” It is worth noting that these conventional Sunday posts have usually preceded a BTC purchase announcement by the company the following day.
Based on this, Strategy likely bought more Bitcoin between November 24 and 30 last week. This comes amid the Bitcoin downtrend, with the flagship crypto again dropping below the psychological $90,000 level. Besides the BTC crash, the possibility of an exclusion from MSCI indices is another factor that paints a bearish picture for Saylor’s company. The MSCI will decide by January next year whether treasury companies like Strategy should remain in their indices.
At the time of writing, the BTC price is trading at around $86,000, down over 5% in the last 24 hours, according to data from CoinMarketCap.
