Strategy Inc. Revises Bitcoin Selling Policy Amid Treasury Adjustments
- On June 11, Michael Saylor clarified that the “never sell” mantra was for individuals, not Strategy Inc.
- Strategy sold 32 BTC on June 1 for $2.5 million to fund preferred-stock dividends.
- The company holds approximately 845,256 BTC with a $6.7 billion convertible debt.
- A week after selling, Strategy purchased an additional 1,550 BTC for about $101 million.
- Debate continues over the impact of dilution and valuation frameworks like mNAV.
Michael Saylor’s recent remarks at the BTC Prague conference clarified that the “never sell” guidance was intended for individual investors rather than corporate policy. This follows Strategy’s sale of a small portion of its Bitcoin holdings to manage treasury needs while maintaining a significant overall position in Bitcoin.
Despite selling a minor fraction of its holdings, Strategy quickly replenished its Bitcoin reserves by purchasing more coins shortly after, underscoring its ongoing commitment to holding substantial Bitcoin assets.(Source)
