Chief Strategy Officer Michael Saylor did not rule out the company offloading some Bitcoin as early as this year, after recently softening its long-held “never sell” stance.
“I think it’s not unlikely that we’ll sell some Bitcoin by the end of the year,” Saylor said during an interview with Natalie Brunell published to YouTube on Friday.
Saylor said it is “also likely” that the company will sell a mix of equity and credit and manage its portfolios in USD and cash. “We’re doing this in a very thoughtful way, programmatically, by running our multi-dimensional models and literally running them,” Saylor said, noting that the company is focused on long-term results through 2033:
“Ultimately, you can think about the fact that in seven years we would like to maximize Bitcoin per share,” Saylor said.
Michael Saylor spoke with Natalie Brunell on the Coin Stories podcast. Source: Natalie Brunell
He added that the company’s goal is: “What should we do now that will maximize and optimize the performance of the company so that in seven years we will be at maximum bitcoin per share.”
Strategy (MSTR) stock ended Friday’s trading day at $159.89, down 10.86% over the last 30 days. According to to Google Finance. This is because the price of Bitcoin (BTC) is lower than the average price Strategy has been paying for its Bitcoin since it began acquiring it in 2020.
Bitcoin is trading below Strategy’s average purchase price
At the time of publication, Bitcoin is changing hands for $75,958, while Strategy has acquired 843,768 Bitcoins at an average price of approximately $75,700 each, According to to the Strategy and CoinMarketCap website data.
The strategy’s purchase announcements over the years have often been seen as growth signals by the Bitcoin community, but since the company has never announced a sale before, it’s unclear how the community would react.
Related: Saylor Signals BTC Buy as Retail Holders Press for STRC Dividend Vote
The ruling came just days after Saylor said he raised the possibility of selling Bitcoin to protect the asset’s long-term interests during Strategy’s recent earnings call.
“We have about $65 billion worth of Bitcoin. If the market thought we were never going to sell it, the ratings agencies would say, ‘Well, I guess it’s not an asset,'” Saylor told Scott Melker on The Wolf Of All Streets podcast published on YouTube May 10.
Warehouse: ETH Rises, Tom Lee Buys, XRP ‘Explodes’: Market Movements
