Strategy chairman Michael Saylor didn’t rule out the company moving some Bitcoin as early as this year, after recently softening its long-standing “never sell” stance.
“I don’t think it’s improbable that we’ll sell some Bitcoin between now and the end of the year,” Saylor said during an interview with Natalie Brunell published on YouTube on Friday.
Saylor said it is “also likely” that the company will sell a mix of equity and credit and manage its US dollars and cash. “We’re doing it in a very deliberate programmatic way where we run our multivariate models, and we literally run them,” Saylor said, noting that the company is focused on long-term results through 2033:
“Ultimately, as we think about it after seven years, we would like to maximize our Bitcoin per share,” Saylor said.
Michael Saylor spoke with Natalie Brunell on the Coin Stories podcast. Source: Natalie Brunell
He added that the company’s goal is, “What should we do now to maximize and optimize the company’s performance so that we reach the maximum Bitcoin per share in seven years.”
Share price of Strategy (MSTR) closed the trading day on Friday at $159.89, down 10.86% in the past 30 days, according to in Google Finance. This is because the price of Bitcoin (BTC) is lower than the average price Strategy has paid for its Bitcoin since it started buying in 2020.
Bitcoin is trading lower than Strategy’s average purchase price
At the time of publication, Bitcoin was changing hands at a price of $75,958, while Strategy acquired its 843,768 Bitcoins at an average price of approximately $75,700 each, according to to Strategy’s website and CoinMarketCap data.
Strategy’s buy announcements over the years have often been seen as bullish signals by the Bitcoin community, but since the company has never announced a sale before, it’s unclear how the community would react.
Related: Saylor Signals Buy BTC As Retail Holders Get A Boost On STRC’s Dividend Vote
It comes just days after Saylor said he raised the possibility of selling Bitcoin during Strategy’s recent earnings call to protect the asset’s long-term interests.
“We own about $65 billion worth of Bitcoin. If the market thought we were never going to sell it, the credit rating agencies would say, Well then, I guess it’s not an asset,” Saylor told Scott Melker on The Wolf Of All Streets podcast. published on YouTube on May 10.
Magazine: ETH Bears Growl, Tom Lee Buys, XRP Will ‘Explode’: Market Movements
