Strategy co-founder and one of Bitcoin’s most prominent advocates, Michael Saylor, has responded to criticism from the crypto community following the company’s recent sale of a small portion of its Bitcoin holdings. According to Saylor, many investors misunderstood his long-standing message about Bitcoin ownership.
While some critics accused the company of hypocrisy, Saylor insists he never promised that Strategy would never sell its Bitcoin.
A Sale of 32 BTC Sparked the Debate
The controversy began after Strategy sold 32 Bitcoin worth approximately $2.5 million. Although the amount represented only a tiny fraction of the company’s overall holdings, it quickly attracted attention across the Bitcoin community.
Speaking at the Bitcoin Conference in Prague, Saylor addressed the criticism directly.
According to him, some social media users have misinterpreted his long-standing views on Bitcoin.
“I’ve always told individual investors not to sell their Bitcoin. But I never said that the company would never sell its Bitcoin,” Saylor explained.
Personal Convictions and Corporate Strategy Are Different
Saylor emphasized that there is a fundamental difference between personal investment beliefs and managing a publicly traded company.
While he continues to encourage individuals to view Bitcoin as a long-term asset, corporations must deal with operational requirements, capital management, and various financial obligations.
For that reason, he argues that a public company cannot always behave the same way as a private investor.
However, some members of the community interpreted his comments as confirmation that Strategy reserves the right to sell portions of its Bitcoin holdings whenever management believes it is necessary for business purposes.
Company Leadership Says the Sale Was Misunderstood
Strategy CEO Phong Le previously attempted to calm concerns surrounding the transaction.
According to his explanation, the sale was not driven by a change in the company’s Bitcoin strategy or a loss of confidence in the asset. Instead, the transaction was reportedly conducted primarily as a test of internal operational and administrative procedures.
That explanation, however, failed to convince many Bitcoin supporters.
Critics argue that promoting a long-term Bitcoin holding strategy while simultaneously leaving the door open for corporate sales creates a double standard.
Some community members even suggested that Strategy has always maintained an “exit ramp” for itself while encouraging retail investors to hold indefinitely.
Strategy Continues Buying Bitcoin
Despite the controversy, there is little evidence that Strategy’s broader Bitcoin strategy has changed.
Shortly after the debate surrounding the 32 BTC sale, the company announced another major acquisition. Between June 1 and June 7, Strategy purchased an additional 1,550 BTC for approximately $101 million.
The average purchase price was $65,332 per Bitcoin.
Still the Largest Corporate Bitcoin Holder in the World
Following the latest acquisition, Strategy’s total Bitcoin holdings increased to 845,256 BTC, further strengthening its position as the world’s largest corporate holder of Bitcoin.
Over the years, the company has invested tens of billions of dollars into the cryptocurrency, inspiring numerous other publicly traded firms to adopt similar treasury strategies.
Although Bitcoin currently trades below the company’s average acquisition cost, management has shown no signs of changing course.
Strategy’s average purchase price across its entire Bitcoin portfolio stands at approximately $75,699 per BTC. With Bitcoin trading near $62,560, the company is currently sitting on roughly $11 billion in unrealized losses.
Nevertheless, Michael Saylor continues to emphasize that Strategy views Bitcoin as a long-term strategic asset and that short-term market fluctuations do not alter the company’s conviction in its future.
#bitcoin , #MichaelSaylor , #strategy , #BTC , #cryptotrading
Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies.
Disclaimer:
The information and opinions presented in this article are for informational and educational purposes only and should not be considered financial or investment advice. Nothing on this page constitutes a recommendation to buy or sell any assets. Cryptocurrency investments are inherently risky and may result in financial loss. Always do your own research before making any investment decisions.