Strategy Clarifies $5 Billion Bitcoin Sale Plan Amid Market Doubts

Strategy, co-founded by Michael Saylor, has clarified its Bitcoin sale plan. According to a recent statement, the company's authorization to sell up to $5 billion in BTC was part of a previously announced BTC Monetization Program from June.

This program does not mandate any Bitcoin sales and is a continuation of Strategy's long-term strategy. Saylor emphasized that the company never had a 'never sell' policy and that it expects to remain a net buyer of Bitcoin over time.

Strategy currently holds 843,775 BTC. Some market sentiment now doubts they will reach their goal of 1 million BTC by year-end due to the recent pause in buying and some sales this year.