Michael Saylor Floated Bitcoin Sales Idea to Avoid ‘Impairing The Asset’
Cointelegraph
Michael Saylor suggested Strategy might sell Bitcoin to ensure it remains classified as a liquid asset by credit rating agencies.Summary
Michael Saylor, executive chairman of Strategy, recently addressed concerns regarding his company's long-term Bitcoin strategy. He explained that floating the idea of selling Bitcoin was a strategic move to ensure the asset is viewed as liquid and valuable by credit rating agencies. Saylor argued that if the company signaled it would never utilize its $65 billion Bitcoin holdings, it could lead to the asset being considered impaired. While Strategy maintains a firm stance on accumulating Bitcoin, Saylor aims to retain the flexibility to sell if necessary to protect the company's interests and reinforce market confidence.
(Source：Cointelegraph)