Michael Saylor’s Strategy is making waves in the crypto sector after announcing its first Bitcoin (BTC) sale since 2022.
The world’s largest corporate holder of Bitcoin sold 32 BTC worth $2.47 million.
The sale marks a dramatic shift in tone for Strategy after Saylor spent years encouraging investors to “never sell” their BTC.
He did tip that a sale could happen, however, suggesting in a recent earnings call that the firm would “probably sell some Bitcoin to fund a dividend just to inoculate the market – just to send the message that we did it.”
It’s Strategy’s first sale since December 2022, when the firm’s subsidiary, MacroStrategy, sold 704 BTC for approximately $11.8 million.
Saylor, a vocal Bitcoin evangelist, was notably quiet about the sale on social media. He usually announces the firm’s weekly BTC purchases on X.
Strategy, the first public company to adopt Bitcoin as its sole treasury reserve asset, still owns 843,706 BTC acquired for $63.87 billion. The firm’s BTC holdings are currently worth around $60.3 billion.
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