Mars Finance reports that on August 2, Michael Saylor responded to rumors regarding “Strategy’s authorization to sell up to $5 billion in Bitcoin,” stating that this is merely the republishing of old news. Strategy announced the authorization on June 29 as part of its capital management framework. Saylor noted that the authorization permits the company to sell BTC for established purposes but does not require any actual sale of Bitcoin. Strategy has not recently announced any new sales authorization, and the company expects to remain a net buyer of Bitcoin over the long term.
Michael Saylor Clarifies That Authorization for BTC Sale Is Old News
MarsBitShare
Summary
Michael Saylor addressed recent trading reports about Strategy authorizing up to $500 million in BTC sales, calling them outdated. The firm announced this move on June 29 as part of its capital management plan. Saylor clarified that the authorization permits BTC sales for specific needs but does not mandate any actual transactions. Strategy has not issued new trading permissions recently and remains focused on long-term BTC accumulation.
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