Executive Chairman Michael Saylor stated in a CNBC interview that Strategy Inc. may sell portions of its Bitcoin holdings. The company, formerly known as MicroStrategy, aims to maximize its Bitcoin-per-share metric. This strategy will be evaluated over a seven-year period. The move marks a departure from the firm's long-standing policy of never selling its cryptocurrency assets.
The decision follows the company's Q1 earnings report. Strategy Inc. currently faces massive STRC preferred stock dividend obligations. Saylor claimed that Bitcoin has reached its floor and entered a spring warming phase. He expressed confidence that the digital asset will outperform the S&P 500.
MSTR stock fell 3.01% during the most recent trading session. The shares closed at $159.89. This closing price was recorded on May 22. Bitcoin simultaneously pulled back to a price of $75,836. The stock remains under pressure from the company's capital structure.