Michael Saylor Sold Bitcoin Despite Advocating 'Never Sell' Philosophy
Michael Saylor, known for his strong advocacy of holding onto Bitcoin, sold 32 BTC in a recent SEC filing. The sale netted $77,135 per coin and was used to fund dividends on preferred stock issued by Strategy, the company he founded. This move has raised questions about the sustainability of the 'never-sell' narrative that underpinned much of Saylor's influence over Bitcoin’s market perception.
Topics: Bitcoin Michael Saylor preferred shares SEC filing stock dividends