Strategy, led by Michael Saylor, today sold 1,638 bitcoins for approximately $105 million, reducing its total assets to 842,138 $BTC. Following the sale, Saylor stated that his personal bitcoin investments and Strategy's capital management policy as a public company should be separated.
According to official data from Strategy, the company sold its bitcoins at an average price of $63,957. This reduced the total number of bitcoins held by the company to 842,138 $BTC, with the total value of these assets being approximately $63.5 billion. The average cost per bitcoin for Strategy is currently $75,419.
It is reported that the proceeds from the sale were used to fund the distribution of preferred shares and the repurchase of STRC shares. Strategy had previously stated that it may sell bitcoins when necessary to meet capital needs, pay dividends, cover interest on debt, and repurchase securities.
Following these events, Michael Saylor stated that his often-used phrase 'Never sell your bitcoins' is addressed to private investors.
Saylor stated: 'When I say never sell your bitcoins, I am speaking as one investor to another. I have never sold my bitcoins. Not a single satoshi. Strategy is a public company, not my wallet.'
Saylor argued that the company Strategy has publicly stated since 2020 that it may buy or sell bitcoins to manage its capital, and insisted that the company's fundamental belief in bitcoin has not changed.
*This is not investment advice.
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