British Saylor Says He Would Sell His Own Arm Before Selling Bitcoin
Analysis
Price Impact
MedThe ceo of a prominent uk-listed company, a significant corporate bitcoin holder, has expressed an extremely strong commitment to holding btc, even while their treasury is underwater. this reduces the risk of a major corporate forced seller entering the market, alleviating potential bearish pressure. the mention of mstr's recovery further reinforces a returning positive sentiment among institutional bitcoin holders.
Trustworthiness
HighThe statements come from andrew webley, ceo of the smarter web company plc, a publicly listed company and leading corporate bitcoin holder in the uk, as reported by u.today citing bloomberg. this is a direct quote from a relevant figure.
Price Direction
NeutralWhile the news itself prevents a potential bearish scenario (forced selling), it doesn't directly create immediate buying pressure. it rather reinforces long-term conviction and stability for bitcoin, potentially contributing to a 'floor' for institutional holders. the recovery of mstr suggests a broader positive trend, but the specific ceo's statement is more about reducing downside risk.
Time Effect
LongThis reflects a long-term hodl strategy from a significant corporate entity, indicating sustained confidence in bitcoin over an extended period. it impacts the long-term supply dynamics by removing a potential large seller.
Original Article:
Article Content:
Cover image via www.youtube.com Read U.TODAY on Google News "Hotel California" MSTR's sudden recovery Advertisement Andrew Webley, CEO of newly London-listed The Smarter Web Company, dismissed the "Hotel California" liquidity crisis facing other digital asset treasuries. Despite the company’s Bitcoin treasury sitting nearly $100 million underwater, Webley rejected the idea of capitulation. The founder of The Smarter Web Company Plc (SWC) has told Bloomberg that he would rather sell his own arm before selling Bitcoin. HOT Stories U.Today Crypto Digest: Ripple Prime CEO Hints at Potential Upside for XRP, Legendary Trader Brandt Warns of Bitcoin 'Campaign Selling,' Vitalik Buterin Triggers Ethereum Sell-Off Breaking: Bitcoin Reclaims $70K, Eyes Best Day in Years "Hotel California" According to a recent report by Tokenize Capital, many DATs are now "zombie companies," forcing them to sell assets just to keep the lights on. Advertisement If these firms turn into forced sellers, this could shatter conviction in Bitcoin. You Might Also Like Thu, 01/09/2025 - 06:07 69,000 BTC Could Be Sold by U.S. Government By Alex Dovbnya That said, Webley claims this "healthy operating business" provides the cash flow needed to service costs without touching the Bitcoin stack Advertisement The company, which has acquired roughly £220 million, is the leading corporate Bitcoin holder in the UK. MSTR's sudden recovery As reported by U.Today , Bitcoin recently reclaimed the $70,000 level, and it is now on track to record its best daily gain in years. The shares of Strategy (MSTR), the leading corporate Bitcoin holder, are currently up by more than 23%. This could finally be the start of the much-awaited recovery for the embattled digital asset companies. #Bitcoin Price Prediction