Michael Saylor Hints at Potential Bitcoin Sales by MicroStrategy

Strategy chairman Michael Saylor has not ruled out the company offloading some Bitcoin as early as this year, after recently softening his long-held “never sell” stance.

“I think it's not unlikely that we'll sell some Bitcoin between now and 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 USD and cash holdings. “We do it in a very thoughtful programmatic fashion where we're running our multivariate models, and we're literally running them,” Saylor said, noting the company is focused on long-term outcomes out to 2033:

“Ultimately, the way to think of it is seven years out, we would like to have maximized our Bitcoin per share,” Saylor said.

Michael Saylor spoke to Natalie Brunell on the Coin Stories podcast. Source: Natalie Brunell

He added that an objective of the company is: “What is it that we should be doing now that's going to maximize and optimize the company's performance so that we've maxed out Bitcoin per share seven years from now.”

Strategy’s (MSTR) stock price closed the trading day on Friday at $159.89, down 10.86% over the past 30 days, according to Google Finance. It comes as the price of Bitcoin (BTC) is lower than the average price that Strategy has paid for its Bitcoin, since it began acquiring in 2020.

Bitcoin is trading lower than Strategy's average purchase price

At the time of publication, Bitcoin is changing hands at $75,958, while Strategy has acquired its 843,768 Bitcoin at an average price of roughly $75,700 each, according to Strategy’s website and CoinMarketCap data.

Strategy’s buy announcements over the years have often been viewed by the Bitcoin community as bullish signals, but because the company has never announced a sale before, it’s unclear how the community would react.

Related: Saylor signals BTC buy as retail holders get push on STRC dividend vote

It comes just days after Saylor said he raised the possibility of selling Bitcoin during Strategy's recent earnings call to protect the asset's long-term interests.

“We own about $65 billion worth of Bitcoin. If the market thought we would never sell it, the credit rating agencies would say, Well then, I guess it’s not an asset,” Saylor told Scott Melker on The Wolf Of All Streets podcast published to YouTube on May 10.