Michael Saylor assures that Strategy will not sell its bitcoins, despite the rumors.
As the cryptocurrency market wobbles and investors hold their breath, every statement from an industry leader becomes a crucial signal. Michael Saylor, co-founder and executive chairman of Strategy, reappears in the spotlight at a critical moment. Amid rumors of a Bitcoin sale, he responds directly. Amid a prolonged price drop, losses, and market volatility, his statement sounds like an act of faith, or a risky bet, to defend a strategy that has become emblematic.
In brief
Michael Saylor claims that rumors of Strategy selling bitcoins are unfounded.
Reportedly, the company has enough liquidity to last 2.5 years without selling its BTC.
Even if Bitcoin fell to $8,000, Strategy would prefer to refinance rather than sell.
Saylor reaffirms that Strategy will continue to buy bitcoin each quarter, without exception.
Saylor reaffirms his absolute commitment to Bitcoin
In a series of statements, Michael Saylor dismissed fears of an imminent sale of Strategy's bitcoin holdings, as the market sinks into extreme fear.
"The concern that Strategy will sell its bitcoins is unfounded," he stated. To reinforce this stance, he indicated that the company has enough liquidity to cover its operating expenses, including dividend payments and debt servicing, for up to two and a half years. He even specified that, in the event of a price drop to $8,000, Strategy plans to refinance the debt instead of selling its cryptocurrencies.
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