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Michael Saylor Signals Strategy Could Sell Some Bitcoin Before Year-End

Michael Saylor, chairman of Strategy, said the company may sell a portion of its Bitcoin holdings before the end of this year, softening his long-held position that it would never sell. In an interview with Natalie Brunell, Saylor also pointed to balance-sheet management tools such as selling equity and issuing credit products to manage U.S. dollar and cash positions. Strategy's Bitcoin position is valued at about $65 billion. The company has said its long-term objective is to maximize Bitcoin holdings per share by 2033. Data from Strategy's website and CoinMarketCap show the firm holds 843,768 BTC, purchased at an average price of roughly $75,700 per coin. (Cointelegraph)
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