Following the decline in Bitcoin, it has become a frequent topic of discussion whether the institutional BTC bull Strategy will sell BTC.
While Strategy and its founder Michael Saylor strongly denied the allegations that they would sell BTC, the company’s CEO also made a statement.
Accordingly, Strategy CEO said that they can only sell BTC when they have to, that there is no such obligation for now, and that the company will not sell BTCs until at least 2065, but will hold them.
Speaking to CNBC, Strategy CEO Phong Le stated that the company plans to hold Bitcoins until at least 2065.
He explained that this is because, despite the launch of spot Bitcoin ETFs, Strategy shares remain the primary vehicle for investors to invest in BTC.
“Strategy does not plan to sell reserves unless necessary.
However, if we get to a point where we have no liquidity, no access to US dollars, and cannot sell Bitcoin derivatives, we will sell BTC.
“It’s a long time to get there. Data shows Strategy won’t be selling BTC until 2065.”
Le addressed allegations that Strategy would be unable to meet its dividend obligations and would be forced to sell Bitcoin, stating that the company did not carry such a risk:
“There has been some FUD that we will not be able to meet our dividend obligations.
But we resolved it in 8.5 days and collected $1.44 billion for our 21-month dividend obligation.”
New Bitcoin Call from Big Bull Michael Saylor!
Strategy CEO Le responded to allegations of Bitcoin sales and reiterated Strategy founder Michael Saylor’s call for Bitcoin.
Speaking at the Bitcoin MENA event in Abu Dhabi, Michael Saylor urged countries to adopt high-yield, Bitcoin-backed bank accounts.
Arguing that investors are moving away from traditional bank deposits due to low returns, Saylor argued that a Bitcoin-backed digital banking system should be established at the national level.
At this point, Saylor said, governments could hold Bitcoin in an overcollateralized form and offer regulated high-yield digital deposit accounts by combining it with tokenized credit products.
Saylor stated that combining high-yield, low-volatility digital deposits with the Bitcoin over-collateralization structure could lead to large capital movements, adding that it could attract capital inflows of between $20 trillion and $50 trillion.
*This is not investment advice.
Source: https://en.bitcoinsistemi.com/strategy-ceo-puts-an-end-to-bitcoin-sale-rumors-we-wont-sell-btc-until-this-date-new-bitcoin-proposal-from-michael-saylor/
