Strategy to Continue Buying Bitcoin Despite $5 Billion Sale

Michael Saylor, co-founder of Strategy, has clarified his company's stance on selling Bitcoin. According to reports, Strategy had authorized a sale of up to $5 billion in BTC under their previously announced $BTC monetization program.

This comes after the company posted a quarterly loss of $8.22 billion in the second quarter of this year.

Saylor stated that despite the large-scale sale, Strategy's overall strategy remains to be 'net buyers' of Bitcoin.