Brave New Coin
The 'Never-Sell' Doctrine Fails? Major Corporate Bitcoin Holder Sells 3,588 BTC to Fund Dividends
July 6, 2026•05:46 PM
A major shift in corporate crypto strategy has emerged as the largest corporate holder of Bitcoin sold 3,588 BTC last week to cover preferred-stock obligations. This unexpected move serves as the first real-world stress test for the Bitcoin treasury model popularized by Michael Saylor, directly contradicting the long-standing 'never-sell' doctrine.
While the company maintains that its Bitcoin reserves remain deep, selling assets below the cost basis to fund dividends introduces new volatility risks to the balance sheet. This development forces investors to reconsider the long-term viability of using Bitcoin as a primary reserve asset while simultaneously meeting traditional shareholder payout requirements.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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