MicroStrategy Chairman Michael Saylor said the company is "unlikely to never sell any Bitcoin," indicating it could dispose of a portion of its BTC holdings before the end of 2026—a further shift away from its long-held "never sell" posture, Mars Finance reported on May 23. Saylor said MicroStrategy may eventually manage its U.S. dollar liquidity more dynamically, potentially selling a mix of Bitcoin, equities and debt instruments to support its long-term aim of maximizing Bitcoin per share. He added that the company's core objective is to increase BTC held per share through 2033. MicroStrategy currently holds about 843,800 BTC, valued at roughly $65 billion, with an average purchase price near $75,700 per coin. Bitcoin is trading around $75,958, close to the firm's overall cost basis. Market participants say any first meaningful reduction in the company's BTC position could weigh on sentiment, given its reputation as a consistent buyer of Bitcoin.

Michael Saylor, chairman of Strategy, said the company may sell a portion of its Bitcoin holdings before the end of this year, softening his long-held position that it would never sell. In an interview with Natalie Brunell, Saylor also pointed to balance-sheet management tools such as selling equity and issuing credit products to manage U.S. dollar and cash positions. Strategy's Bitcoin position is valued at about $65 billion. The company has said its long-term objective is to maximize Bitcoin holdings per share by 2033. Data from Strategy's website and CoinMarketCap show the firm holds 843,768 BTC, purchased at an average price of roughly $75,700 per coin. (Cointelegraph)

BlockBeats reported that on May 23, MicroStrategy Chairman Michael Saylor said in a recent interview the company is "unlikely to never sell any Bitcoin," indicating Strategy may sell a portion of its BTC before the end of 2026. The comments suggest a further easing of its long-held "never sell" posture. Saylor said Strategy could eventually manage its U.S. dollar cash reserves by dynamically selling portions of its Bitcoin as well as equity and debt instruments, with the long-term goal of maximizing bitcoins per share. He added the core objective is to increase BTC per share as much as possible by 2033. Data show Strategy currently holds about 843,800 BTC, valued at roughly $65 billion, with an average purchase price of around $75,700. Bitcoin was last quoted near $75,958, close to the company's overall cost basis. Market participants say a first meaningful reduction in Strategy's BTC holdings could affect the long-standing view of the company as a "perpetual buyer" of bitcoin.

Michael Saylor, chairman of MicroStrategy, said in an interview with Natalie Brunell that the company may sell a portion of its Bitcoin holdings before the end of the year, a notable shift from his long-held position of not selling. Saylor added that the firm could also adjust its U.S. dollar and cash positions through stock sales and credit instruments. MicroStrategy holds roughly $65 billion worth of Bitcoin and is targeting growth in Bitcoin holdings per share through 2033. Based on figures from the company's website and CoinMarketCap, MicroStrategy currently holds 843,768 BTC, purchased at an average price of about $75,700 per Bitcoin.

An anonymous whale trader tracked onchain has flipped from profitable altcoin longs to a sizable bearish bet on Bitcoin. Onchain Lens data shows the wallet linked to Evaded (@ICanPlug) opened a Bitcoin short valued at $74.51 million, roughly 990 BTC. The position is currently up about $1 million in unrealized profit. Before taking the BTC short, the same trader exited long positions in HYPE, ZEC, and ETH, locking in $4.56 million in realized gains. The shift from altcoin longs to a large Bitcoin short is being read by some onchain observers as a change in positioning from a large player, and the wallet is now being monitored for follow-up trades. Large BTC shorts above $70 million often reflect a bearish view from sophisticated traders, though Bitcoin's volatility leaves outcomes uncertain. The trade comes amid mixed crypto sentiment, as markets balance macro crosscurrents with recent strength in select altcoins. While the trader's earlier wins add context, they do not ensure this bet will pay off. For retail participants, whale activity is best treated as one input rather than a standalone signal. Copying large accounts without independent analysis can be risky, given differences in timing, leverage, and risk controls. Still, onchain transparency offers a window into how major wallets are positioning. FAQs Q1: Who is Evaded (@ICanPlug)? Evaded is an anonymous crypto whale tracked via publicly visible onchain activity and analytics platforms such as Onchain Lens. Q2: How was the $74.51 million short identified? Onchain Lens flagged the position through blockchain analytics that monitor large wallets and derivatives activity across venues. Q3: Will this short move Bitcoin's price? A single large short can affect sentiment, but BTC pricing is driven by broader liquidity, macro news, and aggregate trading flows. The position is notable, not necessarily market-moving by itself. Disclaimer: This information is not trading advice. Bitcoinworld.co.in assumes no liability for investment decisions based on this content. Consider independent research and/or professional advice before investing.

The U.S. Securities and Exchange Commission has approved Nasdaq's plan to list and trade options tied directly to a Bitcoin price index—not a Bitcoin ETF and not Bitcoin futures. The product will trade on Nasdaq PHLX as European-style, cash-settled index options on the Nasdaq Bitcoin Index under the ticker QBTC, according to SEC Release No. 34105549. The Nasdaq Bitcoin Index references the CME CF Bitcoin Real Time Index (BRTI), which aggregates real-time Bitcoin pricing from major spot venues. Final settlement is based on the CME CF Cryptocurrency Reference Rate, New York Variant (BRRNY). Some coverage has also cited XBTX in connection with the product. European-style means contracts can only be exercised at expiration. Cash settlement means no Bitcoin changes hands; profits and losses are paid in U.S. dollars based on the difference between the strike price and the settlement value. The minimum trading increment is $0.01. The SEC has already permitted crypto-linked options in other formats. In September 2024, it approved options on spot Bitcoin ETFs, including BlackRock's iShares Bitcoin Trust (IBIT). ETF options track a fund's share price, which can diverge from Bitcoin due to premiums and discounts, flows, and fees. Index options aim to remove that layer by referencing a benchmark-based Bitcoin price. Nasdaq first pursued Bitcoin index options in August 2024, following the wave of spot Bitcoin ETF launches that began in January 2024. A formal proposal was filed with the SEC in September 2025, followed by public comment and extensions before the SEC granted accelerated approval on May 22, 2026. Trading is not yet live. The SEC order notes that additional regulatory steps remain outstanding, which may include obtaining relief or exemptions involving the Commodity Futures Trading Commission. The initiative currently covers only Bitcoin; there are no Ethereum index options or basket products included. For institutional investors already using spot Bitcoin ETFs, index options could offer a cleaner hedge by targeting the underlying price rather than ETF-specific tracking dynamics. Portfolio managers running multi-asset strategies may also find it easier to express Bitcoin views through instruments that fit within existing equities-market infrastructure. Retail traders could see QBTC options as a more straightforward way to take directional exposure without buying ETF shares or navigating crypto futures venues, while cash settlement removes delivery-related risk. The key risk is regulatory fragmentation. If CFTC-related approvals or exemptions take longer than expected, or if jurisdictional uncertainty emerges, the product's launch could be delayed. SEC approval clears a major hurdle, but it does not, on its own, guarantee trading will begin.

Strive, a Bitcoin treasury and asset manager listed on NASDAQ as ASST, logged its largest week of Bitcoin purchases to date. The firm said it deployed proceeds from its Variable Rate Series A Perpetual Preferred Stock program, known as SATA, to acquire 790 Bitcoin over the week, including an estimated 250 Bitcoin bought in a single day. The 790-Bitcoin haul more than doubles Strive's prior weekly record of 371 Bitcoin, set in May 2026. SATA is structured as perpetual preferred stock, paying ongoing dividends with no maturity date. Strive directs net proceeds from SATA share sales into Bitcoin purchases. The company aims to manage SATA within a $99 to $101 trading range. The current dividend rate is 13.00%, a level intended to support demand for the preferred shares. Strive's initial SATA issuance was a $149.3 million IPO in November 2025, which funded the purchase of 1,567 Bitcoin. The firm has since broadened its capital-raising toolkit with a $500 million at-the-market (ATM) program, with proceeds also allocated toward additional Bitcoin buying. Strive now reports holding more than 15,000 Bitcoin on its balance sheet. The company says it has positioned reserves to cover SATA dividend obligations for an estimated 20 years. For ASST common shareholders, Bitcoin acquired with preferred-stock proceeds increases net asset value without diluting their ownership. The key pressure point emerges if Bitcoin enters a prolonged downturn: the 13% annual dividend obligation on an expanding preferred base would require either continued Bitcoin appreciation or disciplined treasury management. Strive said strong institutional participation in SATA highlights demand for yield-bearing, Bitcoin-backed instruments that pair exposure to the asset with recurring income.

Nasdaq has received approval from the U.S. Securities and Exchange Commission to list Bitcoin price-based index options, Bloomberg reported, citing ChainCatcher. The contract is a European-style option tied to the CME Bitcoin Real-Time Index and will be cash-settled, giving investors a way to take directional exposure to—or hedge—Bitcoin price swings in the stock market without holding Bitcoin or a Bitcoin ETF. The product still needs clearance from the U.S. Commodity Futures Trading Commission before it can officially begin trading.

ChainCatcher cited Coinglass data indicating that if BTC climbs above $79,192, liquidations tied to long positions on major centralized exchanges could total $2.035 billion. If BTC drops below $72,398, liquidations linked to short positions on major centralized exchanges are estimated at $824 million.