Strategy Sold Some of Its Bitcoin — And a Major Bitcoin Advocate Says That's Totally Fine. Here's Why
97d ago · 1 source
Samson Mow, a prominent Bitcoin advocate and CEO of JAN3, publicly defended Strategy (formerly MicroStrategy) after the company sold portions of its Bitcoin treasury. The sale drew criticism from some in the Bitcoin community who view any selling as contradictory to the firm's long-term accumulation thesis. Mow argued that the sales were part of responsible corporate treasury management rather than a loss of conviction.
WHY IT MATTERS
Imagine you're a huge fan of collecting rare baseball cards and you've told everyone you'll never sell them. But then you sell a few to pay your rent. Some friends might call you a hypocrite, while others would say you're just being responsible. That's essentially what's happening here. Strategy is the biggest corporate holder of Bitcoin — think of them as the world's most famous Bitcoin collector. When they sell even a small amount, people panic because they see it as a signal that maybe Bitcoin isn't worth holding forever. But defenders like Samson Mow say it's just normal business — companies sometimes need cash to keep running. For newcomers, this is a good reminder that even the biggest Bitcoin believers operate within real-world financial constraints.
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