MicroStrategy CEO Phong Le said on Nov. 30 the company would only sell Bitcoin if its stock traded below its market net asset value (mNAV) and other funding avenues dried up, insisting any sale would be driven purely by financial necessity.
Nakamoto offloaded a substantial amount of BTC this week, prompting concerns of a market sell-off; CEO David Bailey says the transfers were not an opportunistic dump. The clarification aims to calm traders watching large on-chain movements.