Bitwise CIO Dismisses Claims of Forced Bitcoin Sales
- Bitwise’s Chief Investment Officer, Matt Hougan, stated that claims about the firm needing to sell Bitcoin are “flat wrong.”
- MSCI is considering excluding digital asset treasury companies from its indexes, with a decision expected by January 15.
- JPMorgan estimates that MSCI removal could lead to $2.8 billion in passive selling of Strategy stock.
- Hougan assigns a 75% chance of MSCI removing the company from its index.
- Strategy recently purchased an additional 130 BTC for approximately $11.7 million, raising total holdings to about 650,000 BTC.
- The firm has $1.4 billion in cash reserves, enough to cover commitments for roughly one and a half years.
Concerns about forced sales due to market pressures or index changes have been addressed by Hougan, who emphasizes that actual payment obligations dictate liquidity needs rather than stock price fluctuations.
With $11.7 million spent on new Bitcoin purchases and total holdings at around 650,000 BTC, Bitwise maintains a strong position against liquidation fears despite potential MSCI changes.(Source)
