Michael Saylor, executive chairman of Strategy, indicated the potential need to sell Bitcoin, a shift from the company's established policy of never selling the asset. This consideration arises amid concerns that maintaining a no-sell stance could harm the perception of Bitcoin as a viable asset, as the company currently holds approximately $65 billion in Bitcoin.
During a recent earnings call, Saylor emphasized that the liquidity available in the Bitcoin market, estimated between $20 billion and $100 billion, should not be ignored. He expressed that failing to utilize this liquidity could impair the asset, which underpins nearly all of Strategy's value.
Speculation has surged within the Bitcoin community following Saylor's remarks, with notable figures like Simon Dixon suggesting that selling some Bitcoin may be necessary to manage external pressures. Since August 2020, Strategy has acquired a total of 818,869 BTC at an average price of $75,540 per coin, marking a significant investment in the cryptocurrency.
Most recently, the company added 535 Bitcoin for $43 million between May 4 and May 10, with an average purchase price of $80,340 per Bitcoin, reinforcing its strategy of accumulating the digital asset.