{"id":3675,"date":"2026-06-29T21:02:15","date_gmt":"2026-06-29T18:02:15","guid":{"rendered":"https:\/\/fxknews.com\/?p=3675"},"modified":"2026-06-29T21:02:17","modified_gmt":"2026-06-29T18:02:17","slug":"asla-satmam-demisti-bitcoin-devinden-125-milyar-dolarlik-tarihi-ters-kose","status":"publish","type":"post","link":"https:\/\/fxknews.com\/?p=3675","title":{"rendered":"Asla Satmam Demi\u015fti: Bitcoin Devinden 1,25 Milyar Dolarl\u0131k Tarihi Ters K\u00f6\u015fe"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Michael Saylor&#8217;un kurucusu oldu\u011fu Strategy Inc., nakit rezervini art\u0131rmak ve temett\u00fc \u00f6demelerini finanse etmek amac\u0131yla 1,25 milyar dolara kadar Bitcoin sat\u0131\u015f\u0131 yapabilece\u011fini ve yeni hisse geri al\u0131m programlar\u0131 ba\u015flatt\u0131\u011f\u0131n\u0131 duyurdu.<br><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Michael Saylor&#8217;un \u015firketi Strategy Inc. kripto para piyasalar\u0131nda yank\u0131 uyand\u0131ran bir a\u00e7\u0131klama yapt\u0131. \u015eirket, nakit rezervini g\u00fc\u00e7lendirmek i\u00e7in 1,25 milyar dolara kadar Bitcoin satabilece\u011fini duyurdu. Ayr\u0131ca adi ve imtiyazl\u0131 hisseler i\u00e7in her biri 1 milyar dolara varan iki ayr\u0131 geri al\u0131m program\u0131 olu\u015fturuldu.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy pazartesi g\u00fcn\u00fc yapt\u0131\u011f\u0131 a\u00e7\u0131klamada rezervinin yakla\u015f\u0131k 2,55 milyar dolara ula\u015ft\u0131\u011f\u0131n\u0131 bildirdi. Elde edilecek yeni fonlar \u00f6denecek duruma geldiklerinde imtiyazl\u0131 hisse temett\u00fclerini ve faiz giderlerini finanse etmek i\u00e7in kullan\u0131lacak. Bu \u00f6demelerin ard\u0131ndan rezervi yenilemek amac\u0131yla da sat\u0131\u015f yap\u0131labilecek. \u015eirket y\u00f6netimi bu y\u00f6ntemin A S\u0131n\u0131f\u0131 adi hisse senedi ihra\u00e7 etmekten \u00e7ok daha avantajl\u0131 oldu\u011funa karar verdi.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-transparent ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">\u0130\u00e7indekiler<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/fxknews.com\/?p=3675\/#Yonetim_kurulundan_yeni_rezerv_politikasi_karari\" >Y\u00f6netim kurulundan yeni rezerv politikas\u0131 karar\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/fxknews.com\/?p=3675\/#Finansman_avantaji_buharlasti\" >Finansman avantaj\u0131 buharla\u015ft\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/fxknews.com\/?p=3675\/#2022den_bu_yana_yapilan_ilk_Bitcoin_satisi\" >2022&#8217;den bu yana yap\u0131lan ilk Bitcoin sat\u0131\u015f\u0131<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/fxknews.com\/?p=3675\/#Yapinin_dayanikliligina_yonelik_supheler_artiyor\" >Yap\u0131n\u0131n dayan\u0131kl\u0131l\u0131\u011f\u0131na y\u00f6nelik \u015f\u00fcpheler art\u0131yor<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yonetim_kurulundan_yeni_rezerv_politikasi_karari\"><\/span>Y\u00f6netim kurulundan yeni rezerv politikas\u0131 karar\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u015eirketin y\u00f6netim kurulu asgari rezervi korumaya y\u00f6nelik yeni bir politika belirledi. Buna g\u00f6re en az 12 ayl\u0131k beklenen y\u0131ll\u0131k imtiyazl\u0131 hisse senedi temett\u00fc \u00f6demelerine ve faiz giderlerine e\u015fit bir asgari rezerv tutulacak. Ayr\u0131ca STRC imtiyazl\u0131 hisselerindeki temett\u00fc oran\u0131 y\u00fczde 12 seviyesine \u00e7\u0131kar\u0131ld\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Strategy&#8217;nin adi ve imtiyazl\u0131 hisseleri Bitcoin fiyat\u0131ndaki d\u00fc\u015f\u00fc\u015fle birlikte a\u011f\u0131r de\u011fer kaybetti. Fiyatlar\u0131n ge\u00e7en y\u0131l\u0131n sonlar\u0131nda ula\u015ft\u0131\u011f\u0131 t\u00fcm zamanlar\u0131n en y\u00fcksek seviyesinden gerilemesi bu \u00e7\u00f6k\u00fc\u015f\u00fc tetikledi. Bu durum Saylor&#8217;un de\u011fer kazanmaya devam edece\u011fi beklentisiyle Bitcoin biriktirmek i\u00e7in kulland\u0131\u011f\u0131 iki ana fonlama mekanizmas\u0131n\u0131 devre d\u0131\u015f\u0131 b\u0131rakt\u0131.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Finansman_avantaji_buharlasti\"><\/span>Finansman avantaj\u0131 buharla\u015ft\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Cuma g\u00fcn\u00fc \u015firketin de\u011ferlemesini destekleyen \u00f6nemli bir \u00f6l\u00e7\u00fct negatife d\u00f6nd\u00fc. Bu durum firman\u0131n sahip oldu\u011fu finansman avantaj\u0131n\u0131n tamamen buharla\u015ft\u0131\u011f\u0131n\u0131 g\u00f6sterdi. Strategy&#8217;nin bor\u00e7 ve imtiyazl\u0131 hisse senetleri dahil i\u015fletme de\u011ferinin Bitcoin varl\u0131klar\u0131na oran\u0131n\u0131 g\u00f6steren mNAV \u00f6l\u00e7\u00fct\u00fc paritenin alt\u0131na d\u00fc\u015ft\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zamanlama kripto piyasas\u0131 i\u00e7in \u00f6zellikle b\u00fcy\u00fck bir \u00f6nem ta\u015f\u0131yor. \u00c7\u00fcnk\u00fc Bitcoin talebi giderek Strategy gibi dev kurumsal al\u0131c\u0131lara daha fazla ba\u011f\u0131ml\u0131 hale geliyor. \u015eirketin cazip ko\u015fullarla sermaye art\u0131rmaya devam etme kabiliyetine ili\u015fkin endi\u015feler giderek art\u0131yor. Yat\u0131r\u0131mc\u0131lar sadece Saylor&#8217;un sat\u0131n alma stratejisini de\u011fil kripto paran\u0131n en b\u00fcy\u00fck talep kaynaklar\u0131ndan birini de yeniden de\u011ferlendiriyor.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2022den_bu_yana_yapilan_ilk_Bitcoin_satisi\"><\/span>2022&#8217;den bu yana yap\u0131lan ilk Bitcoin sat\u0131\u015f\u0131<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">\u015eirket haziran ay\u0131n\u0131n ba\u015f\u0131nda 32 adet Bitcoin satt\u0131\u011f\u0131n\u0131 duyurmu\u015ftu. Bu hamle firman\u0131n 2022 y\u0131l\u0131ndan bu yana yapt\u0131\u011f\u0131 ilk sat\u0131\u015f olarak kay\u0131tlara ge\u00e7ti. Miktar milyarlarca dolarl\u0131k devasa varl\u0131klara k\u0131yasla olduk\u00e7a \u00f6nemsizdi. Ancak piyasalar \u00fczerinde b\u0131rakt\u0131\u011f\u0131 sembolik etki son derece b\u00fcy\u00fckt\u00fc.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Saylor y\u0131llar boyunca \u015firketini \u00e7ok basit bir temel \u00fczerine in\u015fa etmi\u015fti. Sermaye art\u0131r\u0131p Bitcoin almak ve bunlar\u0131 asla satmamak \u015firketin birincil kural\u0131yd\u0131. Yap\u0131lan bu k\u00fc\u00e7\u00fck sat\u0131\u015f a\u00e7\u0131klamas\u0131 \u015firketin uzun s\u00fcredir savundu\u011fu anlat\u0131s\u0131na meydan okudu. Ayr\u0131ca kripto d\u00fcnyas\u0131n\u0131 sarsan derin \u00e7\u00f6k\u00fc\u015f\u00fcn daha da \u015fiddetlenmesine neden oldu.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yapinin_dayanikliligina_yonelik_supheler_artiyor\"><\/span>Yap\u0131n\u0131n dayan\u0131kl\u0131l\u0131\u011f\u0131na y\u00f6nelik \u015f\u00fcpheler art\u0131yor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Yap\u0131lan bu hamle \u015firketin temett\u00fc \u00f6demelerini desteklemek i\u00e7in Bitcoin kullanmaya istekli oldu\u011funu g\u00f6stermek amac\u0131yla tasarland\u0131. Ancak bunun yerine \u015firketin mevcut finansal yap\u0131s\u0131n\u0131n dayan\u0131kl\u0131l\u0131\u011f\u0131na dair yeni \u015f\u00fcpheler uyand\u0131rd\u0131. Piyasalar en b\u00fcy\u00fck kurumsal al\u0131c\u0131n\u0131n bu tavr\u0131n\u0131 yak\u0131ndan izlemeye ba\u015flad\u0131.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u015eirketin 2025 y\u0131l\u0131nda satmaya ba\u015flad\u0131\u011f\u0131 kal\u0131c\u0131 imtiyazl\u0131 hisseler Saylor&#8217;a \u00f6nemli bir \u00e7\u0131k\u0131\u015f yolu sunmu\u015ftu. Bu hisseler adi hisse senedine sahip yat\u0131r\u0131mc\u0131lar\u0131 ma\u011fdur etmeden al\u0131mlara devam etmenin bir yolunu sa\u011fl\u0131yordu. \u0130mtiyazl\u0131 hisselerin fiyat\u0131 75 dolar\u0131n alt\u0131na kadar geriledi. Bu rakam al\u0131mlar\u0131n k\u00e2rs\u0131z hale gelmesini \u00f6nlemek i\u00e7in gereken 100 dolarl\u0131k nominal de\u011fer e\u015fi\u011finin \u00e7ok alt\u0131nda kald\u0131.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Saylor&#8217;un kurucusu oldu\u011fu Strategy Inc., nakit rezervini art\u0131rmak ve temett\u00fc \u00f6demelerini finanse etmek amac\u0131yla 1,25 milyar dolara kadar Bitcoin<\/p>\n","protected":false},"author":1,"featured_media":3676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[7],"tags":[23,24,93],"class_list":["post-3675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kripto-paralar","tag-bitcoin","tag-kripto-para","tag-michael-saylor"],"_links":{"self":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/3675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3675"}],"version-history":[{"count":1,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/3675\/revisions"}],"predecessor-version":[{"id":3677,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/posts\/3675\/revisions\/3677"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=\/wp\/v2\/media\/3676"}],"wp:attachment":[{"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fxknews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}