Michael Saylor Explains Why He Proposed the Idea of Selling Bitcoin

MicroStrategy Executive Chairman Michael Saylor has clarified reports that the company is considering the possibility of selling its Bitcoin assets. According to him, this step could be taken to protect the long-term interests of the asset and effectively utilize market liquidity. This is reported by Cointelegraph.com reports .

In an interview on "The Wolf Of All Streets" podcast, Saylor noted that if the company announced it would never sell its Bitcoin reserves, credit rating agencies might stop recognizing them as assets. He believes that failing to utilize market liquidity diminishes the asset's value, as 98% of the company's business model is based on this very asset.

This statement sparked heated discussions in the crypto community, as it contradicts MicroStrategy's long-standing "never sell" strategy. However, Saylor explained it as a measure to strengthen market confidence and "vaccinate" against unexpected financial volatility.

Currently, MicroStrategy holds a massive reserve of 818,869 BTC, and the company has been purchasing Bitcoin since August 2020. Although some analysts speculate that the company might be forced to sell its assets due to financial obligations, Saylor emphasizes that he adheres to the principle of "buy more Bitcoin than you sell."