Michael Saylor Discusses Potential Bitcoin Sales to Protect Asset Value
- Michael Saylor stated that Strategy owns approximately $65 billion in Bitcoin.
- He mentioned a liquidity range of $20 to $100 billion in the Bitcoin market, which is not tied to their equity.
- Strategy holds a total of 818,869 BTC at an average purchase price of $75,540 per coin.
- Recently, the company acquired an additional 535 BTC for $43 million between May 4 and May 10.
- Saylor’s comments have led to speculation in the Bitcoin community regarding potential sales.
Saylor emphasized that selling some Bitcoin could prevent asset impairment and maintain market confidence in Strategy’s holdings. His remarks indicate a shift from their traditional “never sell” strategy as they navigate market conditions.
With Strategy’s recent acquisition of Bitcoin at an average price of $80,340 per BTC, Saylor’s consideration of sales reflects a strategic approach to asset management amidst evolving market dynamics.
