Michael Saylor floated Bitcoin sales idea to avoid 'impairing' the asset
Strategy executive chairman Michael Saylor said that continuing to use the “never sell” Bitcoin mantra could ultimately undermine the very asset his company is built around....
Key takeaways
- 1MicroStrategy holds $65 billion worth of Bitcoin (818,869 BTC) at average purchase price of $75,540 per coin.
- 2CEO Michael Saylor stated the company could sell Bitcoin if needed to maintain asset credibility and credit ratings.
- 3MicroStrategy acquired 535 Bitcoin for $43 million between May 4-10 at $80,340 average price per BTC.
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Why it matters
This signals potential flexibility in MicroStrategy's legendary 'never sell' Bitcoin strategy, which could impact Bitcoin market stability and sentiment. For Indian investors, it highlights how major institutional holders balance long-term conviction with financial pragmatism, affecting Bitcoin's perceived reliability as a treasury asset.
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