Grayscale representatives have reportedly proposed that Michael Saylor, chief executive of MicroStrategy, sell approximately $3 billion worth of Bitcoin to address the company's cash requirements over the next two years, according to statements circulating on X (formerly Twitter).
The proposal comes as MicroStrategy, which has aggressively accumulated Bitcoin as part of its corporate treasury strategy, faces questions about its operational liquidity needs. The suggestion represents a significant shift from the software company's stated commitment to holding its substantial Bitcoin reserves long-term. Saylor has previously championed Bitcoin adoption among corporate treasuries and positioned MicroStrategy as a major institutional holder of the asset.
If executed, such a sale would constitute one of the largest single Bitcoin liquidations by a major corporate holder and could exert substantial downward pressure on the cryptocurrency's price. The proposal's emergence suggests potential tensions between MicroStrategy's growth ambitions and its Bitcoin accumulation strategy, though there is no confirmation the company is actively considering the sale.