Money
Michael Saylor Sells Bitcoin for First Time in Four Years Amid Market Stress
Lark Davis
Michael Saylor Is Finished... Or Is He?
"For the first time in four years, Sailor sold Bitcoin. Yeah, it was only 32 coins, but he sold probably largely to satisfy the SEC, but it still happened."
MicroStrategy has sold Bitcoin for the first time since 2021, marking a significant departure from CEO Michael Saylor's infinite buying strategy. The company authorized up to $1.25 billion in Bitcoin sales to fund dividend obligations that exploded from $300 million to $1.2 billion in six months. Despite holding 847,000 coins worth approximately $60 billion, this represents a break in the core narrative that built MSTR's market premium.
From this episode
Lark Davis