Michael Saylor Considers Bitcoin Sales to Protect Asset Value
Michael Saylor floated Bitcoin sales idea to avoid 'impairing' the asset

Image: Cointelegraph
Michael Saylor, co-founder of MicroStrategy, discussed the possibility of selling Bitcoin to avoid impairing the asset's value during a recent podcast. His company has been a significant holder of Bitcoin, acquiring 818,869 BTC at an average price of $75,540 per coin. Despite his usual stance of not selling, Saylor suggested that strategic sales might be necessary amid market manipulations.
- 01MicroStrategy holds 818,869 BTC as a primary treasury asset, purchased at an average price of $75,540 per coin.
- 02The company recently acquired 535 Bitcoin for $43 million, averaging $80,340 per BTC between May 4 and May 10.
- 03Saylor's previous mantra has been 'Never sell your Bitcoin,' but he recently advised to 'Buy more Bitcoin than you sell.'
- 04Simon Dixon, CEO of BnkToTheFuture, suggested that selling Bitcoin might be necessary due to market manipulations affecting collateralized debt obligations.
- 05Saylor's comments sparked speculation among Bitcoin enthusiasts on social media regarding potential sales.
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Michael Saylor, co-founder and executive chairman of MicroStrategy, recently appeared on The Wolf Of All Streets podcast, where he floated the idea of selling some Bitcoin to avoid impairing the asset's value. This statement is notable given Saylor's long-standing position advocating for Bitcoin retention. MicroStrategy has been consistently purchasing Bitcoin since August 2020 and currently holds 818,869 BTC at an average purchase price of $75,540 per coin. The firm made a recent acquisition of 535 Bitcoin for $43 million, with an average price of $80,340 per BTC, between May 4 and May 10. Despite his usual message of 'Never sell your Bitcoin,' Saylor's recent advice to 'Buy more Bitcoin than you sell' reflects a nuanced approach to market conditions. This shift in strategy has led to discussions among prominent Bitcoiners, including Simon Dixon, who suggested that selling might be necessary due to manipulative practices within the financial industry impacting Bitcoin collateralized debt obligations. Saylor's comments have ignited speculation on social media regarding the future of MicroStrategy's Bitcoin holdings.
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