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Strategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor pushed back against critics of the company’s recent Bitcoin (CRYPTO: BTC) sale, arguing that the move was a rational part of its capital markets business and not a retreat from its long-term Bitcoin thesis.
“Will Continue As Long As We Act Rationally”
Speaking with Natalie Brunell at BTC Prague on June 16, Saylor addressed criticism that Strategy sold 32 Bitcoin despite his long-standing public message urging investors not to sell their Bitcoin.
“I got very famous for saying you do not sell your Bitcoin to the plebs,” Saylor said, adding that the comment was directed at individual investors, not at how to operate a Bitcoin finance company.
Saylor said Strategy exists to create Bitcoin-backed credit, not simply …
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