Michael Saylor has responded after Strategy disclosed its third Bitcoin sale in recent months, clarifying that his long repeated advice to “never sell your Bitcoin” was intended for individual investors rather than publicly traded companies.
Saylor, the company’s co founder, former Chief Executive Officer, and current Executive Chairman, emphasized that he has never personally sold any of his Bitcoin holdings.
He explained that Strategy operates under different financial considerations because it is a public company rather than a personal investment portfolio.
“Never sell your Bitcoin was meant for savers. I have never sold a single BTC. Strategy is a public company, not my wallet. Since 2020, it has disclosed that it may buy or sell BTC to manage capital. Our shared conviction in Bitcoin remains unchanged.”
According to the company’s latest filing, Strategy sold 1,638 BTC over the past week, following the sale of 3,588 BTC at the end of June.
Part of the proceeds was used to repurchase additional shares of its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC. The buybacks helped support the stock’s recovery, with STRC climbing to around $92 after previously falling to about $75. Although the shares remain below their $100 par value, they have rebounded significantly from recent lows.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
