마이클 세일러 타임라인

BIP-110이 소프트포크인 이유 “BIP-110 is a soft fork that tightens data rules — existing nodes won't reject its blocks, but BIP-110 nodes will reject blocks that don't comply. The risk: if miners don't follow, the network splits.”

세일러의 BIP-110 반대 논리 “BIP-110 turns a spam dispute into a consensus change that would invalidate some currently valid, fee-paying transactions. That precedent is the danger.”

BTC 장기 보유 철학 “Strategy has sold 3,588 BTC for $216 million. As of 7/5/2026, we hodl 843,775 in our BTC Reserves.”

한쪽 방향이 양방향으로 바뀔 때 “Strategy's bitcoin sales have introduced two-way risk — the company that used to be a reliable floor bid is now also a potential seller.”

약세장의 숨겨진 시한폭탄 “A $4.4 billion supply overhang across ETH, SOL, and DOGE is adding downside pressure as holders face unrealized losses.”

Strategy의 핵심 밸류에이션 지표 “When Strategy's mNAV fell below 1, the premium that had supported its capital-raising model for four years effectively disappeared.”

4년간의 “Never Sell”

Strategy 재무 건전성의 바로미터 “Strategy's dividend coverage has collapsed from 7+ years to just 14 months.”

세일러의 매수 효과에 의문을 던지는 분석 “Strategy's buying looks more like a liquidity sink than a price catalyst.”

세일러의 트레이드마크, But 지금은 다른 의미 “Some weeks you just need to HODL.”

세일러의 첫 BTC 매도가 촉발한 우려 “STRC has traded below its $100 anchor since mid-May, even after five dividend hikes — a pattern that resembles a slow death spiral.”

“끝없이 사들이는 기계 — 하지만 기름값이 든다”

trading slang. 강한 매수세로 숏 포지션을 손절시켜 큰 손실을 입히는 상황. 마이클 세일러가 스트레티지의 BTC 매각 가능성을 시사한 직후 “숏들의 얼굴을 찢는다”

자본의 상당 비중을 코인으로 굴리는 상장사 “Strategy posted a $12.54B Q1 loss as the price of bitcoin fell from about $87,000 to $68,000 during the first three months of 2026, the largest treasury company result of the quarter.”

815K BTC를 든 남자의 확신 “'The bitcoin winter is over,' Saylor declared — a statement that carries unique weight when you're sitting on 815,061 BTC worth $63 billion.”

크립토판 워런 버핏 전략? “Strategy's latest $2.54B purchase makes it the world's largest Bitcoin treasury company, holding over 2.5% of all BTC supply.”

세일러식 비트코인 자본주의 “'Stabilize price, dampen cyclicality' — Saylor's language sounds like monetary policy, not corporate strategy. That's the point.”

145억불 물려있는 상태에서 3.3억불 더 산 건 — 확신인지 talking his book인지 “When a CEO sitting on $14.5B in unrealized losses buys more, he's either a true believer — or talking his book.”

BTC가 고점 대비 44% 빠진 상황에서 Strategy가 440억불 추가 매수를 발표한 것이 전형적인 더블 다운. 확신이냐 무모함이냐는 결과가 결정 “Strategy is doubling down on Bitcoin at $69K — announcing a $44B buying plan while the stock is down 24% year-to-date.”

BTC가 고점 대비 44% 빠진 상황에서 Strategy가 440억불 추가 매수를 발표한 것이 전형적인 더블 다운. 확신이냐 무모함이냐는 결과가 결정 “Strategy is doubling down on Bitcoin at $69K — announcing a $44B buying plan while the stock is down 24% year-to-date.”

Strategy가 회사 자산 대부분을 BTC에 넣는 것이 전형적인 skin in the game. 분석가가 “BTC가 오를 것”

이란 전쟁 기간 주식과 채권은 동반 하락하는데 BTC는 상승 — 전통적으로 BTC가 위험자산과 함께 움직였던 패턴이 깨지면서, “디지털 골드”