MicroStrategy CEO Responds to Bitcoin Sale Rumors: "We Won't Sell Unless We Face Liquidity Crisis"

Source: CryptoNewsNet Original Title: Big Bull Strategy CEO Responds to Claims They Will Sell Bitcoin! “FUD” Original Link: MicroStrategy CEO Phong Le recently appeared on CNBC’s “Power Lunch” program and shared critical insights about the company’s Bitcoin strategy, market fluctuations, and their recent capital raise.

Le emphasized that the company maintains its capacity to provide financing even during periods of BTC price decline.

Responding to market rumors that MicroStrategy would default on dividend obligations or be forced to sell Bitcoin, Le noted that these rumors were fueled by social media and financial circles, stating:

We weren’t going to have any problems with our dividend payments, but to break this narrative, we decided to add US dollars to our balance sheet. We raised $1.44 billion in just 8.5 days. This amount covers our dividend obligation for 21 months. We did this both to put an end to the rumors and to prove that we can still raise money even when Bitcoin is in a down cycle.

Le, who acknowledged that the company functions as a “leveraged” version of Bitcoin, explained: “While Bitcoin has 50% volatility, we have 70%. When BTC goes up, we go up more, and when it goes down, we go down more.”

When asked whether the company would ever consider selling BTC, the CEO responded that the company would not sell unless facing liquidity issues. Le humorously noted that according to current projections, such a scenario would only occur in very long-term scenarios:

If we run out of liquidity and lose access to the US dollar, we might be forced to sell. But by our calculations, that won’t happen until 2065. By then, I probably won’t be in this business.

Recalling that Bitcoin has averaged a 45% annual increase over the last five years, Le argued that debates about the asset’s “uselessness” are now settled. He noted that institutional players like certain major investment firms and leading banks have shifted their stance on BTC, and expressed confidence that Bitcoin’s price will continue to rise over the next 20 years.