Saylor Denies $5B Bitcoin Sale Rumor, Reveals July Sales Surge
MSTR is trading near its 52-week low of $81.81 (14% above the low).
Summary
Michael Saylor publicly shut down a viral claim that Strategy had approved a $5 billion Bitcoin sale, calling it a misreading of the June 29 capital plan. The $5 billion figure aggregates four spending buckets—cash reserve rebuild, preferred and common buybacks, and dividend/interest payments—not a new sell order. Saylor clarified the company has no 'never sell' policy and expects to remain a net buyer, but the data shows a shift: July Bitcoin sales hit ~$135 million, surpassing the entire Q2 total, while purchases have been paused for five weeks. This follows the July 30 8-K reporting an $8.22B Q2 loss and a growing Bitcoin stack. The denial and updated sales pace give traders a clearer picture of near-term liquidity management and potential selling pressure.
At the time of this announcement, MSTR was trading at $92.88 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $32.7B. The 52-week trading range was $81.81 to $414.36. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Beincrypto.