Strategy recently reported its first Bitcoin sale since 2022, offloading 32 BTC in a June 1 filing with the US Securities and Exchange Commission. This transaction has raised eyebrows given executive chairman Michael Saylor's previous stance of "never sell your Bitcoin."
During an interview at the BTC Prague conference, Saylor clarified that the ability to sell Bitcoin is crucial for supporting the company's digital credit operations. He emphasized that without the option to sell, the value of both credit and equity would diminish. Saylor noted, "If the company's policy is that we won't sell the Bitcoin, then the credit won't have value."
According to Saylor, the digital credit sector represents a potential "trillion-dollar opportunity" within finance. He described products such as STRC preferred stock as instruments of digital credit that leverage Bitcoin assets to fulfill credit obligations. These digital credit products can yield rates of up to 8%, significantly higher than traditional savings accounts.
Saylor believes that the emergence of digital credit markets could reshape perceptions of credit and attract substantial investment into the Bitcoin ecosystem.