Crypto
Saylor Clarifies 'Never Sell' Stance Amid Strategy BTC Sales
Michael Saylor, CEO of MicroStrategy, clarified his stance on Bitcoin ownership after Strategy, the company's corporate treasury arm, sold $104.73 million worth of BTC last week.
Saylor emphasized that he has never sold any personal Bitcoin and views 'Never Sell Your Bitcoin' as individual guidance, not a fixed rule for corporate treasuries.
The sale reduced Strategy's BTC holdings to 842,138, acquired at an average price of $75,419 per coin, while the company raised $290.6 million through common stock sales and used capital actions to support reserves and preferred securities.