Michael Saylor addresses backlash over recent Bitcoin sales by MicroStrategy, reaffirming long-term conviction in $BTC despite strategy shifts.
MicroStrategy Executive Chairman Michael Saylor has responded to criticism over the company’s recent Bitcoin sales, asserting that $BTC has “already won” as an asset class. The remarks follow backlash from investors questioning the firm’s shift away from its “never sell” stance, which had previously defined its accumulation strategy.
MicroStrategy, the largest corporate holder of Bitcoin, has sold portions of its $BTC holdings in recent months to manage capital structure and tax obligations. The company’s Bitcoin reserves stood at approximately 214,400 $BTC as of its last disclosure, valued at over $14 billion at current prices. Saylor’s comments aim to clarify the firm’s evolving strategy amid market scrutiny.
Saylor dismissed accusations of hypocrisy, emphasizing that the sales do not undermine the company’s long-term bullish outlook on Bitcoin. The interview, conducted at BTC Prague, did not specify further details on future sales or accumulation plans.