Key facts
- Michael Saylor clarified Strategy's Bitcoin sales are part of a pre-announced capital management program, not a reaction to recent losses.
- Saylor distinguished between his personal 'never sell' stance and Strategy's public company treasury operations.
- Strategy sold 1,638 BTC at an average price of $63,957, using proceeds for dividends and stock buybacks.
- The company has paused its weekly Bitcoin purchases for five consecutive weeks.
- Strategy holds 843,775 BTC acquired at an average cost of $75,476 per Bitcoin.
Michael Saylor, co-founder of Strategy, has addressed criticism regarding the company's recent Bitcoin sales, emphasizing the distinction between his personal 'never sell' mantra and Strategy's corporate treasury operations. He clarified on X that while he personally holds his Bitcoin, Strategy, as a public company, has the authorization to buy or sell BTC to manage capital, a disclosure made since 2020. This statement comes after Strategy sold 1,638 BTC for approximately $63,957 each, using the proceeds for shareholder dividends and share repurchases. The company has paused its weekly Bitcoin purchases for five consecutive weeks. Strategy currently holds 842,138 BTC, acquired at an average price of $75,419 per Bitcoin.