MicroStrategy CEO Phong Le has, for the first time, acknowledged that the company could sell its 649,870 BTC holdings under specific crisis conditions. This marks a significant shift from Chairman Michael Saylor’s long-standing “never sell” philosophy and signals a new chapter for the world’s largest corporate Bitcoin holder. CEO Phong Le Reveals Hidden Kill-Switch in MicroStrategy’s Bitcoin Strategy MicroStrategy has confirmed a scenario almost no one thought possible: the potential to sell Bitcoin, its core treasury asset. Speaking on What Bitcoin Did, CEO Phong Le outlined the precise trigger that would force a Bitcoin sale: First, the company’s stock must trade below 1x mNAV, meaning the market capitalization falls below the value of its Bitcoin holdings
source: https://beincrypto.com/microstrategy-bitcoin-sale-liquidity-plan/