Bitcoin and Michael Saylor fud, Michael Sellor has arrived!

[Franctoshi]

Strategy has ended its nearly four-year streak of continuous Bitcoin accumulation by selling 32 BTC for $2.5 million during the last week of May.
 According to the Form 8-K filed with the U.S. SEC on May 30, the company sold Bitcoin at an average price of $77,135 per coin, reducing its holdings from 843,738 BTC to 843,706 BTC.
 Although the amount sold represents only a tiny fraction of the company’s total Bitcoin holdings, this marks Strategy’s first reported Bitcoin sale since its tax-related transaction back in December 2022.

Of course, the main issue here is not the size of the sale itself, but the possible shift in priorities. If investors start believing that Strategy is moving away from its strict “accumulate and never sell” approach, it could have a much bigger psychological impact on the market than the actual 32 BTC sale.

MicroStrategy selling 32 BTC out of its total holdings of about 843,738 Bitcoin is just like scooping one cup of water out of the ocean, and I don't see much reason why investors should panic or see it the other way around. Inasmuch as much as much as the company is holding way more Bitcoin than what they've sold off, there's always going to be a time when an inevitable situation could force someone or an institution to sell off or liquidate some part of its Bitcoin holdings. It shouldn't come as a total surprise regardless of his long-term view about Bitcoin.

[Vaskiy]

Strategy has ended its nearly four-year streak of continuous Bitcoin accumulation by selling 32 BTC for $2.5 million during the last week of May.
 According to the Form 8-K filed with the U.S. SEC on May 30, the company sold Bitcoin at an average price of $77,135 per coin, reducing its holdings from 843,738 BTC to 843,706 BTC.
 Although the amount sold represents only a tiny fraction of the company’s total Bitcoin holdings, this marks Strategy’s first reported Bitcoin sale since its tax-related transaction back in December 2022.

Of course, the main issue here is not the size of the sale itself, but the possible shift in priorities. If investors start believing that Strategy is moving away from its strict “accumulate and never sell” approach, it could have a much bigger psychological impact on the market than the actual 32 BTC sale.

MicroStrategy selling 32 BTC out of its total holdings of about 843,738 Bitcoin is just like scooping one cup of water out of the ocean, and I don't see much reason why investors should panic or see it the other way around. Inasmuch as much as much as the company is holding way more Bitcoin than what they've sold off, there's always going to be a time when an inevitable situation could force someone or an institution to sell off or liquidate some part of its Bitcoin holdings. It shouldn't come as a total surprise regardless of his long-term view about Bitcoin.

Agreed, what has been sold is nothing considering the total bitcoin holding of Strategy. The company is much into growing the share and the fund out of selling 32 BTC were used on it. Till this day he had accumulated and what he had sold doesn't make any difference in the market, but people talking this similar to a big sell off could surely have impact over the market. Even now he stands on holding bitcoin and never said anything against the bitcoin. He wants to make STRC the best credit instrument in the world.

[bbc.reporter]

Strategy has ended its nearly four-year streak of continuous Bitcoin accumulation by selling 32 BTC for $2.5 million during the last week of May.
 According to the Form 8-K filed with the U.S. SEC on May 30, the company sold Bitcoin at an average price of $77,135 per coin, reducing its holdings from 843,738 BTC to 843,706 BTC.
 Although the amount sold represents only a tiny fraction of the company’s total Bitcoin holdings, this marks Strategy’s first reported Bitcoin sale since its tax-related transaction back in December 2022.

Of course, the main issue here is not the size of the sale itself, but the possible shift in priorities. If investors start believing that Strategy is moving away from its strict “accumulate and never sell” approach, it could have a much bigger psychological impact on the market than the actual 32 BTC sale.

Hehehehe it is very headshaking that Michael Saylor, before he has become Michael Sellor, cannot pump bitcoin to more than $125k with billions of his buying. However, a small 32 bitcoin sell has caused the market to become very much more bearish than normal.

@Free Market Capitalist. Michael Sellor has arrived!

[Dogedegen]

Strategy has ended its nearly four-year streak of continuous Bitcoin accumulation by selling 32 BTC for $2.5 million during the last week of May.
 According to the Form 8-K filed with the U.S. SEC on May 30, the company sold Bitcoin at an average price of $77,135 per coin, reducing its holdings from 843,738 BTC to 843,706 BTC.
 Although the amount sold represents only a tiny fraction of the company’s total Bitcoin holdings, this marks Strategy’s first reported Bitcoin sale since its tax-related transaction back in December 2022.

Of course, the main issue here is not the size of the sale itself, but the possible shift in priorities. If investors start believing that Strategy is moving away from its strict “accumulate and never sell” approach, it could have a much bigger psychological impact on the market than the actual 32 BTC sale.

They have been talking about this for a long time as much as they reasonably can in the public, so they have moved away from the never sell approach already for some time. If someone is only realizing this now it can only primarily be because they have not been paying attention and now they are overreacting to something that was expected to happen. This sale was not necessary but it was conducted as a test to see what would happen. For a company the size of Strategy it would be like if I sold Bitcoin to buy myself an ice cream. 

Hehehehe it is very headshaking that Michael Saylor, before he has become Michael Sellor, cannot pump bitcoin to more than $125k with billions of his buying. However, a small 32 bitcoin sell has caused the market to become very much more bearish than normal.

The reasons for which Bitcoin is not able to reach huge heights despite the massive inflows that we have seen with ETF and Strategy can be discussed, I think there are other issues going on there such as paper Bitcoin and the active suppression of the price that was enabled by derivatives. Still if the demand continues to keep up eventually even those measures will start losing their effect and we should see a push upwards.

@Free Market Capitalist. Michael Sellor has arrived!

He's just waiting to say how Michael Sellor contradicted himself again by doing exactly what he said he would do. Don't dare to ever change your mind about anything or you will become a contradictory person!