MicroStrategy's Saylor Reconsiders Stance on Selling Bitcoin Amid Company Losses

Michael Saylor, CEO of MicroStrategy, has been one of the most vocal supporters of Bitcoin. He has repeatedly stated that investors should 'never sell' their Bitcoin holdings. However, after the company reported its third consecutive quarterly loss, largely due to a decline in Bitcoin prices, Saylor is now reconsidering his stance.

The company's decision to sell some of its crypto holdings comes as Bitcoin's price has dropped significantly over the past year. In November 2021, the price reached an all-time high of $106,000 per token. However, by February this year, it had plummeted to under $65,000.

Despite the fluctuations, Saylor maintains that his faith in Bitcoin remains unchanged. He claims that the company is 'fine,' the Bitcoin market is 'fine,' and the world did not come to an end. However, the decision to sell some of its holdings may be seen as a sign that the company is taking steps to manage its risks.

The company's plans to sell some of its crypto holdings will be used to fund a dividend, which Saylor believes will help to 'inoculate the market' and send a message to investors. The exact amount to be sold will depend on the current price of Bitcoin and how the equity capital markets react.