Unchained · Wednesday, July 8, 2026
The sale of Bitcoin by MicroStrategy is viewed by some as a smart move for managing its balance sheet, especially considering it still holds a substantial amount of Bitcoin. The move is seen as a way to balance its long and short positions and create a healthier market for its securities.
“But you know, the Bitcoin thesis is still very much alive and well. And so they're just managing their balance sheet and what they need to do.”
“But the fact is that, you know, they spent, I don't remember the exact number, but, you know, $1.5 billion roughly on bond buybacks. Um, you know, they've got $60 billion worth of Bitcoin. So, you know, this wasn't like some giant percentage of their Bitcoin stock, and they could, you know, very easily service the dividends with Bitcoin, assuming Bitcoin didn't drop to like, you know, a thousand dollars a coin or something crazy that no one actually expects to happen.”