Key facts
- MicroStrategy sold 32 BTC valued at $2.5 million in the first week of June.
- Chairman Michael Saylor stated the sales are integral to the company's credit business model and dividend payments.
- Saylor explained that selling Bitcoin demonstrates its tangibility to credit investors and rating agencies.
- The company aims to buy more Bitcoin than it sells over time.
- MicroStrategy recently acquired another $100 million in Bitcoin.
MicroStrategy Chairman Michael Saylor has clarified the company's recent sale of 32 Bitcoin, valued at $2.5 million, explaining it was a strategic move integral to its credit business model. Despite the company's long-standing 'never sell' ethos, Saylor emphasized that selling some Bitcoin is essential for dividend payments and to prove the asset's tangibility to credit investors and rating agencies.