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Saylor says Strategy may Sell Bitcoin to Inoculate Market

Cointelegraph
Michael Saylor suggested Strategy might sell some Bitcoin to fund dividends and demonstrate market resilience, despite a long-standing buy-and-hold approach.

Summary

Michael Saylor, executive chairman at Strategy, stated that his firm might sell a portion of its Bitcoin holdings to fund dividends. This move is intended to serve as a way to "inoculate" the market, proving that the company and the broader industry can remain stable even when some assets are sold. While the firm has historically maintained a "never sell" strategy, Saylor emphasized that this potential sale would help reassure investors that the world of Bitcoin remains intact following recent financial losses. Furthermore, Saylor highlighted ambitions to develop the firm's credit instruments, like Stretch, and expressed optimism regarding future Bitcoin-backed digital yield products offered by neobanks.

(Source:Cointelegraph)