MicroStrategy May Sell Some Bitcoin Holdings for Better Returns

MicroStrategy's (MSTR) CEO Michael Saylor has announced that the company may sell some of its Bitcoin holdings to maximize BTC-per-share over a seven-year period. According to Saylor, the decision is based on models that show selling Bitcoin could lead to better returns in the long run.

Saylor emphasized that the company's goal is not just to buy more Bitcoin but to increase Bitcoin exposure per share for shareholders. He stated that any model relying solely on equity, credit, or Bitcoin holdings would ultimately fail to maximize BTC-per-share over seven years.

MicroStrategy currently holds nearly 850,000 Bitcoins worth over $65 billion, making it the largest corporate holder of the cryptocurrency. The company has historically funded purchases through a combination of common stock issuance, convertible debt, and preferred equity products tied to Bitcoin exposure.