Recent Risk Statement from Strategy
In a recent risk statement, Strategy, formerly known as MicroStrategy and led by Michael Saylor, indicated the possibility of a significant change to its policy of never selling bitcoin. The document suggests that due to unspecified circumstances, the company may need to liquidate part of its bitcoin portfolio by next year.
Michael Saylor’s Stance on Bitcoin
Michael Saylor has been a vocal proponent of the “buy and hold” bitcoin strategy, consistently promoting that this is the best way to utilize the cryptocurrency. “The best use of bitcoin is to buy and hold it,” Saylor has repeatedly stated, emphasizing that MicroStrategy’s long-term plan is to continue accumulating more bitcoin. “The ultimate goal is to acquire more BTC. Whoever gets the most BTC wins. There is no other ultimate goal.”
Potential Shift in Strategy’s Bitcoin Policy
Strategy’s potential to sell some of its bitcoin represents a notable shift from Saylor’s previous claims that the firm would stick to a strict HODL policy. This potential shift, if it comes to fruition, could mark a significant departure from Saylor’s long-standing philosophy and potentially affect the market’s perception of the firm’s digital asset management.
Implications for the Cryptocurrency Market
MicroStrategy’s position as one of the largest corporate holders of bitcoin has always put the company in the spotlight among investors and cryptocurrency enthusiasts. A change in its bitcoin management strategy could have repercussions not only for the company itself, but also for the cryptocurrency market at large.
Current Bitcoin Price
At the time of publication, Bitcoin’s price today was quoted at US$ 82,271.80, up 6% in the last 24 hours.