📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Bitcoin (BTC) Bull Michael Saylor Could Break His "HODL" Promise! Notice of Sale Has Been Made to the SEC!
Strategy (MicroStratagy), the largest institutional *Bitcoin bull, may be forced to sell Bitcoin by breaking its HODL promise.
In a recent 8-K form notification, SEC stated that if the Bitcoin price continues to fall, the company may have to sell its Bitcoin assets to pay off its debts.
This situation has led to comments that Strategy founder Michael Saylor may break his long-standing stance of "I will never sell Bitcoin."
Chinese journalist Wu Blockchain stated that this statement is a standard risk disclosure, and similar notifications were made in the 10-Q report for Q1 2024, as well as in reports from 2023 and earlier.
According to the latest 8-K filing submitted to the SEC, as of March 31, 2025, Strategy is struggling with $8.22 billion in debt and an annual interest cost of $35.1 million, and is obligated to pay $146.2 million in preferred stock dividends each year.
The company's corporate software business is not generating sufficient cash flow to meet its debts, which increases the risk that it may have to sell BTC at a loss.
Since Trump's election victory in November 2024, Strategy has purchased 275,965 BTC at an average price of $93,228. Currently, Strategy holds 528,185 BTC acquired at an average price of $67,458 per Bitcoin, facing an unrealized loss of $4.6 billion.