Saylor Hints MicroStrategy May Sell Bitcoin, Puts Surge 40%
MicroStrategy CEO Michael Saylor hinted at potential Bitcoin sales this year, prompting put option open interest to surge 40% as traders position for share declines. The company holds 215,000 BTC acquired at an average $31,300 per coin, raising concerns over liquidity needs and debt service costs.
1. CEO Comments and Market Reaction
During MicroStrategy’s recent call, CEO Michael Saylor suggested the firm could monetise part of its Bitcoin reserves within the year. Traders interpreted this as a bearish signal for shares, driving a swift increase in put option bets.
2. Trading Activity and Company Holdings
Put open interest on MicroStrategy options jumped 40% over the past week, reflecting growing bets on share weakness. The company currently holds approximately 215,000 BTC at an average cost of $31,300 per coin, with debt maturities and acquisition funding cited as possible catalysts for liquidity-driven sales.