Michael Saylor responded to "Strategy Authorization to Sell Up to $5 Billion in Bitcoin": Rehashed News, No New Authorization Announced

August 2, Michael Saylor responded to the news regarding "Strategy Plans to Sell Up to $5 Billion Worth of Bitcoin," stating that this was a re-release of old news as if it were new. The Strategy had announced the relevant authorization on June 29 as part of its capital allocation framework.

Saylor stated that the authorization allows the company to sell BTC for specified purposes but does not require the actual sale of any Bitcoin. The Strategy has not announced any new sale authorizations recently and indicated that the company expects to remain in a net Bitcoin acquisition position in the long term.