MicroStrategy CEO Phong Le has clarified the company’s position regarding potential Bitcoin sales, emphasizing that liquidation would only occur under extreme financial circumstances. According to Le, the technology firm would consider divesting portions of its Bitcoin holdings exclusively if two critical conditions materialize simultaneously: the company’s stock price falls below its net asset value (NAV) and all conventional capital-raising avenues become unavailable.
This strategic framework positions Bitcoin as a reserve asset of last resort rather than a primary liquidity tool. Le characterized any potential Bitcoin divestment as a measured financial decision aimed at preserving corporate stability during unprecedented market conditions. The clarification comes as MicroStrategy continues maintaining one of the corporate world’s largest Bitcoin portfolios, with the digital asset representing a substantial component of its treasury management strategy.
The company’s approach demonstrates a long-term commitment to cryptocurrency as a store of value while acknowledging practical financial realities. This balanced perspective reflects MicroStrategy’s ongoing confidence in Bitcoin’s value proposition while maintaining prudent corporate governance standards. The framework ensures stakeholders understand that Bitcoin sales would only materialize during extraordinary financial stress scenarios where traditional options have been exhausted.
