MAHDOOD on Nostr: Michael Saylor and Microstrategy think you’re retarded. How many times will you ...

Michael Saylor and Microstrategy think you’re retarded. How many times will you keep falling for it anon?

quoting
nevent1q…9zmz

⚡️🗣️ NEW - According to its CEO, Strategy reportedly sold Bitcoin... simply to verify that it could do so.

In an interview with CNBC, Phong Le, CEO of Strategy, explained that the sale of just 32 BTC was not a change in strategy, but merely an operational test.

The goal was to verify that the selling process worked properly and to assess market liquidity. The transaction also generated tax losses that can be used to reduce certain future tax liabilities.

This sale is symbolic when compared to Strategy’s Bitcoin reserves, which amount to hundreds of thousands of BTC.

Phong Le also clarified that the company does not plan to sell its Bitcoin to fund dividends, preferring to continue using other sources of funding.

However, he hinted that if a BTC sale were ever to create more value for shareholders, this option could be considered.