Saylor Says Strategy Never Promised It Would Not Sell Bitcoin
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Michael Saylor said Strategy always reserved the right to sell Bitcoin and has disclosed potential sales in earnings calls and regulatory filings. Between May 26 and May 31 Strategy sold 32 BTC as a test of operational and treasury management, its first disclosed sale since 2022, and JPMorgan warned further sales could reignite concerns about Strategy's treasury plan.
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- Michael Saylor said Strategy has always reserved the right to sell Bitcoin when necessary.
- Strategy sold 32 BTC as a test of its operational and treasury management processes.
- JPMorgan said future Bitcoin sales could reignite concerns over Strategy’s treasury plan.
Strategy founder Michael Saylor has addressed the controversy surrounding the company’s recent Bitcoin sale, stating that Strategy has never promised it would never sell BTC.
Speaking at BTC Prague, Saylor said the company has always disclosed in earnings calls and regulatory filings that Bitcoin could be sold when necessary. He added that his long-standing message was directed at individual investors, encouraging them not to sell their own Bitcoin without careful thought.
The comments came after Strategy sold 32 BTC between May 26 and May 31, its first disclosed Bitcoin sale since 2022.
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