Why did MicroStrategy sell a portion of its Bitcoin holdings recently despite your hold strategy?
Replied byMichael Saylor
Founder & Chairman at MicroStrategy
Niche: Cryptocurrency
Revenue: Approx. 40 Million USD/month
Location: Tysons Corner, Virginia, United States
Started: 1989
Short sellers argued our stock was worthless because we could never sell Bitcoin without crashing the market. To protect our equity and credit value, we sold a tiny fraction of our holdings. We proved we could pay dividends with Bitcoin without impacting the market price.
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