Michael Saylor Signals Potential Bitcoin Sales by Strategy
- Strategy chairman Michael Saylor indicated the company might sell some Bitcoin before year-end.
- Saylor’s comments mark a shift from his previous “never sell” stance regarding Bitcoin.
- As of now, Bitcoin is trading at $75,958, below Strategy’s average acquisition price of approximately $75,700.
- Strategy holds around $65 billion worth of Bitcoin and has accumulated a total of about 843,768 BTC.
- The company’s stock (MSTR) closed at $159.89, down by about 10.86% over the past month.
Saylor emphasized that any potential sales would be executed thoughtfully to maximize long-term performance and shareholder value through strategic management of assets and liabilities.
With Bitcoin currently priced lower than Strategy’s average purchase cost, Saylor’s indication of possible sales raises questions about market perceptions and future strategies for maximizing Bitcoin per share over the next seven years. (Source)
