MicroStrategy, the largest public company holding Bitcoins, has just released its financial report for the first quarter of 2021. According to it, the firm could sell them in the future.
The company currently holds 91,500 Bitcoins, which were purchased at an average price of $24,300. At the same time, the report reveals MicroStrategy could continue to buy Bitcoins:
"In future periods, MicroStrategy may purchase additional Bitcoins and increase its overall holdings of Bitcoin or sell its Bitcoins and decrease its overall holdings of Bitcoin."
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US electric car maker Tesla recently reported it has sold Bitcoins valued at $272M at a profit of $101M. Tesla CFO Zach Kirkhorn said the sale only represents 10% of the company's total Bitcoin holdings.