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

BlockBeats News, August 2nd, Michael Saylor responded to the news regarding "Strategy Authorization Planning to Sell Up to $5 Billion Bitcoin," stating that this was a re-release of old news. The authorization was announced by Strategy on June 29th 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 any actual sale of bitcoin. Strategy has not announced any new selling authorizations recently. The company also stated that it expects to remain in a net Bitcoin accumulation position in the long term.