Is Saylor Selling? Strategy Moves $30 Million in Bitcoin
WikiBit 2026-05-29 20:13
Strategy, the leading corporate holder of Bitcoin (BTC) in the world, has unnerved the cryptocurrency market with its most recent transactions. The
He confirmed some earlier statements that were made by Strategy CEO Phong Le.
Saylor is willing to move away from the “diamond hands” narrative due to the harsh financial environment for the company.
The firms massive balance sheet has been dragged down by crypto prices. As a result, MicroStrategy reported a significantly wider first-quarter net loss of a staggering $12.54 billion.
However, the most recent panic might still be overblown. Despite Saylors diamond-handed reputation, it has technically sold the asset once before. On Dec. 22, the enterprise software firm liquidated 704 BTC for approximately $11.8 million in cash.
Just two days later, on Dec. 24, Strategy turned around and purchased 810 BTC.
Saylor previously stated that the key is to buy more BTC than you can sell.
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