Samson Mow Says Potential Strategy BTC Sales Are Strategic

Samson Mow, a Bitcoin advocate, has defended MicroStrategy's potential sales of its Bitcoin holdings, stating that such a strategy provides the company with crucial optionality. He argued that in the 'war' of public markets, having all available tools at one's disposal is essential. Mow elaborated that a company with diverse options, such as selling, hedging, issuing, or buying, is difficult for adversaries like short sellers and arbitrageurs to game, unlike a company that publicly commits to only one action. MicroStrategy, the largest publicly traded Bitcoin treasury company, holds over 818,000 BTC. While potential sales could impact market prices, Mow suggests this flexibility is a strategic advantage. Company co-founder Michael Saylor indicated that selling some Bitcoin could be used to fund dividends, sending a message to the market. Saylor also noted that if Bitcoin appreciates by more than 2.3% annually, MicroStrategy could fund dividends indefinitely without selling stock or shares, and potentially even increase its BTC holdings. The company's average Bitcoin cost is $75,537, with Bitcoin trading around $79,976.

(Source：Cointelegraph)