MicroStrategy reiterates it may sell BTC if profitable

MicroStrategy (MSTR) has reiterated that it may sell Bitcoin if doing so is advantageous for the company. During an earnings call, founder Michael Saylor outlined several strategic points: - Increase BTC holdings per share - Boost demand for and add features to its preferred stock product, STRC - Reduce debt, such as convertible notes, based on market conditions - Set the size of its dollar reserves according to STRC demand and credit risk - Adjust related leverage in line with market conditions - Sell BTC when deemed profitable for the company Late last year, MicroStrategy had stated it might sell some BTC as a last resort if other financing options were unavailable. The company has only sold its holdings once, on Dec. 22, 2022, when it sold 704 BTC and immediately repurchased 810 BTC. It has not sold any of its holdings since. MicroStrategy currently holds 818,334 BTC ($66.3 billion) at an average purchase price of $75,535.24. The company's unrealized profit on its BTC holdings is approximately $4.532 billion.