Michael Saylor responds to the report that "Strategy intends to sell up to $5 billion worth of Bitcoin under authorization": This is old news, and no new authorization has been announced.
2026.08.02 10:15:08
Michael Saylor has responded to reports that Strategy plans to authorize the sale of up to $5 billion worth of Bitcoin, calling the news a repackaging of an old announcement. Strategy originally unveiled the relevant authorization on June 29 as part of its capital management framework, Saylor said. The authorization allows the company to sell Bitcoin for pre-defined uses but does not mandate any actual sales, he explained. Strategy has not announced a new sales authorization recently, Saylor added, noting that the firm expects to remain a net buyer of Bitcoin over the long term.
Monday got off to a "bad start" for the crypto market, with the downturn continuing as Bitcoin fell below $77,000.
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