The post Bitwise Exec: Saylor Won’t Sell Bitcoins appeared on BitcoinEthereumNews.com. Matt Hougan believes that Michael Saylor and MicroStrategy (MSTR) will not be selling their Bitcoin holdings.  Some worry that if MSTR is removed from MSCI indexes, its stock might plunge below net asset value (NAV). This would force a Bitcoin sale. Hougan explains that there is no mechanism that would compel MSTR to sell Bitcoin just because the stock price falls. MSCI is conducting a consultation on whether to exclude “digital asset treasury companies” (firms where cryptocurrencies (ike Bitcoin make up more than 50% of total assets) from its Global Investable Market Indexes. Strategy, with Bitcoin comprising a whopping 99% of its enterprise value, fits this profile exactly. The consultation period ends this year, and MSCI plans to announce a final decision by January 15. Any changes would likely take effect in February. You Might Also Like Saylor confirmed earlier this year that the company is actively engaging with MSCI to argue for continued inclusion. It is worth noting that MSTR has $1.4 billion in cash, enough to cover about 18 months of $800 million annual interest payments. The first debt conversion is not due until February 2027, and it’s only around $1 billion, while MSTR holds $60 billion in Bitcoin. There’s no immediate financial pressure to liquidate crypto, according to Hougan.  Saylor controls 42% of voting shares and has historically shown strong conviction in holding Bitcoin long-term. Even during past stock price dips, he did not sell, showing that internal pressure to liquidate is unlikely. “Last resort” MicroStrategy (now doing business as Strategy) is the world’s largest corporate Bitcoin holder, with approximately 650,000 BTC as of early December 2025. The company has long promoted a “never sell” strategy, but recent market events have sparked concerns about potential sales.  Following the recent stock sell-off, Strategy’s market capitalization briefly fell below… The post Bitwise Exec: Saylor Won’t Sell Bitcoins appeared on BitcoinEthereumNews.com. Matt Hougan believes that Michael Saylor and MicroStrategy (MSTR) will not be selling their Bitcoin holdings.  Some worry that if MSTR is removed from MSCI indexes, its stock might plunge below net asset value (NAV). This would force a Bitcoin sale. Hougan explains that there is no mechanism that would compel MSTR to sell Bitcoin just because the stock price falls. MSCI is conducting a consultation on whether to exclude “digital asset treasury companies” (firms where cryptocurrencies (ike Bitcoin make up more than 50% of total assets) from its Global Investable Market Indexes. Strategy, with Bitcoin comprising a whopping 99% of its enterprise value, fits this profile exactly. The consultation period ends this year, and MSCI plans to announce a final decision by January 15. Any changes would likely take effect in February. You Might Also Like Saylor confirmed earlier this year that the company is actively engaging with MSCI to argue for continued inclusion. It is worth noting that MSTR has $1.4 billion in cash, enough to cover about 18 months of $800 million annual interest payments. The first debt conversion is not due until February 2027, and it’s only around $1 billion, while MSTR holds $60 billion in Bitcoin. There’s no immediate financial pressure to liquidate crypto, according to Hougan.  Saylor controls 42% of voting shares and has historically shown strong conviction in holding Bitcoin long-term. Even during past stock price dips, he did not sell, showing that internal pressure to liquidate is unlikely. “Last resort” MicroStrategy (now doing business as Strategy) is the world’s largest corporate Bitcoin holder, with approximately 650,000 BTC as of early December 2025. The company has long promoted a “never sell” strategy, but recent market events have sparked concerns about potential sales.  Following the recent stock sell-off, Strategy’s market capitalization briefly fell below…

Bitwise Exec: Saylor Won’t Sell Bitcoins

2025/12/05 11:17

Matt Hougan believes that Michael Saylor and MicroStrategy (MSTR) will not be selling their Bitcoin holdings. 

Some worry that if MSTR is removed from MSCI indexes, its stock might plunge below net asset value (NAV). This would force a Bitcoin sale. Hougan explains that there is no mechanism that would compel MSTR to sell Bitcoin just because the stock price falls.

MSCI is conducting a consultation on whether to exclude “digital asset treasury companies” (firms where cryptocurrencies (ike Bitcoin make up more than 50% of total assets) from its Global Investable Market Indexes. Strategy, with Bitcoin comprising a whopping 99% of its enterprise value, fits this profile exactly.

The consultation period ends this year, and MSCI plans to announce a final decision by January 15. Any changes would likely take effect in February.

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Saylor confirmed earlier this year that the company is actively engaging with MSCI to argue for continued inclusion.

It is worth noting that MSTR has $1.4 billion in cash, enough to cover about 18 months of $800 million annual interest payments.

The first debt conversion is not due until February 2027, and it’s only around $1 billion, while MSTR holds $60 billion in Bitcoin. There’s no immediate financial pressure to liquidate crypto, according to Hougan. 

Saylor controls 42% of voting shares and has historically shown strong conviction in holding Bitcoin long-term.

Even during past stock price dips, he did not sell, showing that internal pressure to liquidate is unlikely.

“Last resort”

MicroStrategy (now doing business as Strategy) is the world’s largest corporate Bitcoin holder, with approximately 650,000 BTC as of early December 2025. The company has long promoted a “never sell” strategy, but recent market events have sparked concerns about potential sales. 

Following the recent stock sell-off, Strategy’s market capitalization briefly fell below its Bitcoin holdings. 

Strategy CEO Phong Le stated that selling Bitcoin could be a “last resort” if the mNAV drops below 1x , and the company cannot raise new capital through equity or debt markets.

Source: https://u.today/bitwise-exec-saylor-wont-sell-bitcoins

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Wormhole launches reserve tying protocol revenue to token

Wormhole launches reserve tying protocol revenue to token

The post Wormhole launches reserve tying protocol revenue to token appeared on BitcoinEthereumNews.com. Wormhole is changing how its W token works by creating a new reserve designed to hold value for the long term. Announced on Wednesday, the Wormhole Reserve will collect onchain and offchain revenues and other value generated across the protocol and its applications (including Portal) and accumulate them into W, locking the tokens within the reserve. The reserve is part of a broader update called W 2.0. Other changes include a 4% targeted base yield for tokenholders who stake and take part in governance. While staking rewards will vary, Wormhole said active users of ecosystem apps can earn boosted yields through features like Portal Earn. The team stressed that no new tokens are being minted; rewards come from existing supply and protocol revenues, keeping the cap fixed at 10 billion. Wormhole is also overhauling its token release schedule. Instead of releasing large amounts of W at once under the old “cliff” model, the network will shift to steady, bi-weekly unlocks starting October 3, 2025. The aim is to avoid sharp periods of selling pressure and create a more predictable environment for investors. Lockups for some groups, including validators and investors, will extend an additional six months, until October 2028. Core contributor tokens remain under longer contractual time locks. Wormhole launched in 2020 as a cross-chain bridge and now connects more than 40 blockchains. The W token powers governance and staking, with a capped supply of 10 billion. By redirecting fees and revenues into the new reserve, Wormhole is betting that its token can maintain value as demand for moving assets and data between chains grows. This is a developing story. This article was generated with the assistance of AI and reviewed by editor Jeffrey Albus before publication. Get the news in your inbox. Explore Blockworks newsletters: Source: https://blockworks.co/news/wormhole-launches-reserve
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BitcoinEthereumNews2025/09/18 01:55