Michael Saylor Says Strategy Could Sell Some Bitcoin Before Year-End
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.