Traders on prediction platform Myriad now assign an 82% probability to MicroStrategy selling BTC this year following executive comments.
Prediction market Myriad shows 82% odds that MicroStrategy will sell some of its Bitcoin holdings in 2024, up sharply from prior weeks. The shift follows remarks by founder Michael Saylor and CEO Phong Le during the firm’s Q1 earnings call, where they suggested potential sales to fund dividends or benefit shareholders.
MicroStrategy holds over 818,000 BTC, valued at more than $65 billion. Saylor previously advocated holding Bitcoin long-term but indicated a strategic shift, stating sales could “inoculate the market” and signal flexibility. Le reinforced the stance, emphasizing sales would occur when advantageous.
The firm’s potential move contrasts with its historical accumulation strategy, which amassed $65 billion in BTC over six years. Market sentiment has adjusted rapidly, with Myriad odds surging 69% in the past week alone.