Michael Saylor said Strategy Inc. (NASDAQ:MSTR) bought 175,000 Bitcoin (CRYPTO: BTC) this year and sold just 32, telling critics the uproar over that sale amounts to noise around two basis points of its total holdings.
Saylor Says The 32-Coin Sale Was Legally Immaterial And Didn’t Need Disclosing
Speaking at BTC Prague with host Michaël van de Poppe, Saylor said Strategy didn’t even have to file an 8-K over a 32-coin sale since it falls below SEC materiality thresholds.
The company chose to disclose it anyway because it publishes its full capital structure every week and updates its website every 15 seconds.
“We sold 32. That works out to be two basis points. It’s two hundredths of 1%,” Saylor said.
