The “never sell” Bitcoin treasury trade is seriously starting to crack
On Strategy’s May 5 earnings call, Strategy CEO Phong Le mentioned plainly that “we’ll promote Bitcoin when it is advantageous to the corporate,” with Saylor including that Strategy would “in all probability promote some Bitcoin to fund a dividend simply to inoculate the market.” Strategy held 818,334 BTC as of May 3, up 22% year-to-date,…
