Strategy, the corporate entity formerly known as MicroStrategy, is preparing to sell approximately $1.2 billion worth of Bitcoin, a move that directly contradicts the long-standing 'never sell' doctrine championed by founder and chairman Michael Saylor.
The decision to liquidate a significant portion of its holdings comes as the cryptocurrency faces intense selling pressure, with Bitcoin trading near $58,600 and touching an intraday low of $58,120.
2 billion kroner suggests that even the most prominent corporate bull is prioritizing liquidity or risk management over long-term conviction.
This marks the asset's weakest performance in 20 months, driven by broader market sentiment cooling amid renewed concerns over US inflation.
The sale represents a pivotal moment for institutional crypto adoption.
For years, Saylor has urged investors to hold Bitcoin as a hedge against fiat currency debasement, accumulating over 200,000 coins for the company's balance sheet.
The decision to offload assets worth roughly 8.2 billion kroner suggests that even the most prominent corporate bull is prioritizing liquidity or risk management over long-term conviction.