The largest owner of the cryptocurrency bitcoin may start selling it

Strategy CEO Phong Le has revealed the conditions under which the company can sell its bitcoin assets. According to him, this will happen when the sale of cryptocurrency is more profitable than an additional issue of shares to pay dividends. He voiced his position in a commentary to CNBC.

Fong Le emphasized that this decision was based on purely financial logic: «I believe in math, not ideology.» This means that the company will not hold on to bitcoins on principle if market conditions dictate otherwise.

Earlier, Strategy co-founder Michael Saylor also announced a possible abandonment of the established principle of not selling bitcoins. In his opinion, current market conditions require a more flexible approach to managing the company’s assets.

Thus, both top managers of Strategy have actually confirmed the change in the strategic course regarding cryptocurrency assets. The company, which has long positioned itself as an unwavering holder of bitcoins, now allows their sale as a financial management tool.

Strategy is one of the largest corporate bitcoin holders in the world. The change in the rhetoric of its management could be an important signal to the market and influence the behavior of other institutional investors in the cryptocurrency sector.