MicroStrategy just did was CEO Michael Saylor once said would never happen: it sold bitcoin

Dec 28 2022 by Business Insider

 
Michael Saylor.

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MicroStrategy just sold some of its bitcoin holdings for the first time but remains a net buyer.  The company disclosed Wednesday a sale of 704 bitcoin last week for roughly $11.8 million for tax reasons.  "Never. No. We're not sellers," CEO Michael Saylor said in January. "We're only acquiring and holding bitcoin, right? That's our strategy."

MicroStrategy sold bitcoin for the first time, after CEO Michael Saylor said early this year that such a sale...

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