"Said he would never sell"...Saylor first admits possibility of selling within the year

▲ Bitcoin, Michael Saylor/ChatGPT generated image

Michael Saylor, Chairman of Strategy, has not ruled out the possibility of selling some of its Bitcoin (BTC) within this year. This statement marks a step back from his long-held stance of 'never selling Bitcoin'.

Cointelegraph reported on May 23 (local time) that Saylor said in a YouTube interview with Natalie Brunell, "I don't think it's unlikely that we would sell some Bitcoin between now and the end of the year."

Saylor also stated that Strategy might sell a combination of equity and credit, and manage its dollar and cash holdings. He explained that the company is "operating a multi-variable model in a very careful and programmed way," and that its focus is on maximizing long-term performance until 2033.

Saylor said, "Ultimately, if you look seven years down the road, the goal is to maximize Bitcoin holdings per share," adding that Strategy is currently determining what choices to make to optimize the company's performance and Bitcoin holdings per share seven years from now.

Strategy's stock closed Friday's trading at $159.89 and has fallen by 10.86% over the past 30 days. Bitcoin traded below the average purchase price recorded since Strategy began buying in 2020. Strategy purchased 843,768 BTC at an average of approximately $75,700.

Saylor previously explained the background for mentioning the possibility of selling Bitcoin in a podcast interview with Scott Melker on May 10. He said, "We hold about $65 billion worth of Bitcoin. If the market thinks we will never sell, credit rating agencies won't view it as an asset."

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