
Bitcoin Investors Took More Profit as BTC Rallied to 3-Month High: CQ
Bitcoin Investors Take Profits as BTC Rallies to 3-Month High

Michael Saylor has indicated that his company may sell parts of its Bitcoin holdings, despite his previous stance of never selling. He clarified that even if they sell, they plan to buy more Bitcoin in the future.
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Strategy co-founder Michael Saylor has been the loudest advocate for holding Bitcoin indefinitely (to the point where he has essentially become the face of the ultimate "HODL" philosophy).
Yet, during a recent earnings call, Saylor revealed that the company is ready to do the unthinkable: sell portions of its massive Bitcoin treasury.
Now, Saylor is setting the record straight in a new interview, claiming that the company will still end up buying way more Bitcoin if it if sells some.
Saylor recently acknowledged his own role in creating the hysteria. "I'm very famous for saying never sell your Bitcoin," Saylor admitted. "And that's why the internet went crazy when we said we might sell it."
He has admitted that his famous "never sell" mantra actually clashes with strict corporate governance policy. "If I were being more precise, I'd say never be a net seller of Bitcoin," he explained. "It just wouldn't have been so viral or so catchy to say never be a net seller of Bitcoin."
The company's core accumulation strategy remains unchanged despite the recent selling pressure, according to Saylor.
Now, they aim to use targeted sales to fuel even larger acquisitions. "Even if we were to sell one Bitcoin, we'd be buying 10 to 20 more Bitcoin," Saylor noted. "So, you're really talking about a situation where we buy 10 Bitcoin, sell one Bitcoin, buy nine net Bitcoin, and continue to create Bitcoin."
Saylor has compared Strategy’s actions to a traditional tech giant reinvesting in its infrastructure. "If Google spent a billion dollars to invest in data centers so that they could make 10 billion... it wouldn't crash the dollar market. Oh, they spent a billion dollars to invest in their business. That's fine, right? And so it would be fine for Google. It's a rational thing to do. Sometimes you spend money to make more money."
As reported by U.Today, economist and gold advocate Peter Schiff has frequently accused Saylor of running a Ponzi scheme. The gold bug predicts that Strategy would eventually have to crash the STRC dividend or crash Bitcoin.
"Peter thinks Bitcoin's a Ponzi scheme. Peter is not really a lover of anything in this space," Saylor replied.
He then vigorously defended the legitimacy of Strategy's financial instruments. "Bitcoin is digital capital, and we've created a digital treasury company by selling equity and credit instruments to buy capital," Saylor argued. "If you don't acknowledge Bitcoin as legitimate, you'll never acknowledge any derivative on top of it as legitimate," he noted.
Michael Saylor revealed that his company is considering selling portions of its Bitcoin treasury, which contradicts his previous stance of never selling.
Saylor is recognized for promoting the 'HODL' philosophy, emphasizing the importance of holding Bitcoin indefinitely.
Saylor claims that even if the company sells some Bitcoin, it will continue to buy more in the future.

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