Money
Saylor says he sold some Bitcoin to rebut “can’t sell” market narrative
Diary of a CEO
Top Bitcoin Holder: He Asked AI to Build Something That NEVER Existed, Here's What Happened!
What was said
"we sold some Bitcoin a few weeks ago because there was a narrative or a belief in the market that our company had become so systemically integrated or important to Bitcoin that we could never sell and if we sold, Bitcoin would go to zero and our stock would go to zero."
Saylor says MicroStrategy sold Bitcoin recently to counter a market belief that the firm was unable to sell without collapsing Bitcoin and its own shares. He argues the company needed to demonstrate it could sell without moving the market in order to validate its credit and dividend strategy.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Programme
- Diary of a CEO
- Episode
- Top Bitcoin Holder: He Asked AI to Build Something That NEVER Existed, Here's What Happened!
- Clip time
- 1:26:14
- Original source
- Watch the source segment →
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Diary of a CEO