Autor Cointelegraph By Ciaran Lyons

Strategy chairman Michael Saylor has not ruled out the company offloading some Bitcoin as early as this year, after recently softening his long-held “never sell” stance.“I think it’s not unlikely that we’ll sell some Bitcoin between now and the end of the year,” Saylor said during an interview with Natalie Brunell published to YouTube on Friday.Saylor said it is “also likely” that the company will sell a mix of equity and credit and manage its USD and cash holdings. “We do it in a very thoughtful programmatic fashion where we’re running our multivariate models, and we’re literally running them,” Saylor said, noting the company is focused on long-term outcomes out to 2033:“Ultimately, the way to think of it is seven years out, we would like to have maximized our Bitcoin per share,” Saylor said. Michael Saylor spoke to Natalie Brunell on the Coin Stories podcast. Source: Natalie BrunellHe added that an objective of the company is: “What is it that we should be doing now that’s going to maximize and optimize the company’s performance so that we’ve maxed out Bitcoin per share seven years from now.”Strategy’s (MSTR) stock price closed the trading day on Friday at $159.89, down 10.86% over the past 30 days, according to Google Finance. It comes as the price of Bitcoin (BTC) is lower than the average price that Strategy has paid for its Bitcoin, since it began acquiring in 2020. Bitcoin is trading lower than Strategy’s average purchase priceAt the time of publication, Bitcoin is changing hands at $75,958, while Strategy has acquired its 843,768 Bitcoin at an average price of roughly $75,700 each, according to Strategy’s website and CoinMarketCap data.Strategy’s buy announcements over the years have often been viewed by the Bitcoin community as bullish signals, but because the company has never announced a sale before, it’s unclear how the community would react.Related: Saylor signals BTC buy as retail holders get push on STRC dividend voteIt comes just days after Saylor said he raised the possibility of selling Bitcoin during Strategy’s recent earnings call to protect the asset’s long-term interests. “We own about $65 billion worth of Bitcoin. If the market thought we would never sell it, the credit rating agencies would say, Well then, I guess it’s not an asset,” Saylor told Scott Melker on The Wolf Of All Streets podcast published to YouTube on May 10.Magazine: ETH bears growling, Tom Lee’s buying, XRP to ‘explode’: Market Moves

Strategy executive chairman Michael Saylor said he raised the possibility of selling Bitcoin during Strategy’s recent earnings call to protect the asset’s long-term interests.“We own about $65 billion worth of Bitcoin. If the market thought we would never sell it, the credit rating agencies would say, Well then, I guess it’s not an asset,” Saylor told Scott Melker on The Wolf Of All Streets podcast published to YouTube on May 10.“There is $20 to $100 billion of liquidity in the Bitcoin market that is not correlated to our equity or to our credit. If we were to say we’re never going to take advantage of that liquidity and we’re never going to use that asset, then we’re impairing the asset, which 98% of the company is built on,” Saylor explained, adding:“It’s pretty important to us to send the signal that if we need to, we can.”It comes after growing speculation within the Bitcoin community after Saylor said during Strategy’s first-quarter earnings call that his company could sell Bitcoin to “inoculate” the market against sudden panic or to reinforce confidence in the company, in contrast to its long-standing “never sell” Bitcoin strategy.Michael Saylor spoke to Scott Melker on The Wolf Of All Streets podcast. Source: The Wolf Of All StreetsBitcoiners began to speculate on social media. Prominent Bitcoiner and BnkToTheFuture CEO Simon Dixon said on May 7 that Strategy “might need to sell some Bitcoin when the financial industrial complex manipulates our Bitcoin collateralized debt obligations and perpetual dividends wrappers.”Strategy has been consistently buying Bitcoin since August 2020, when it began holding Bitcoin as a primary treasury asset. The company now holds 818,869 BTC at an average purchase price of $75,540 per coin, according to its website.Related: Sharplink CEO points out 3 catalysts for Ethereum’s price to surge higherOn Monday, Cointelegraph reported that Strategy acquired 535 Bitcoin for $43 million between May 4 and May 10 at an average price of $80,340 per BTC.While Saylor is known for regularly posting “Never sell your Bitcoin” on X, on May 6, he wrote, “Buy more bitcoin than you sell.”Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cyclesCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could have a positive ripple effect beyond the crypto sector itself, according to venture capital firm a16z crypto.“If the US provides builders with regulatory clarity, it will be a boon for domestic innovation,” a16z crypto said in an X post on Friday.A16z pointed to the passage of the GENIUS Act in July 2025, which created a regulatory framework for stablecoins, as a possible indication of what may happen following the CLARITY Act. “Its passage led to unprecedented growth and adoption, which is not only good for the U.S. economy, but is also good for long-term dominance of the US dollar,” a16z crypto said. The US dollar index, which tracks the dollar’s strength against a basket of major currencies, is 99.27 at the time of publication, up 1.28% over the past 30 days, according to TradingView. A16z said:“When our legal frameworks are designed to both foster innovation and protect consumers, America leads and the world benefits.” Source: Cynthia LummisSince the US CLARITY Act was introduced in July 2025, the crypto industry has been widely speculating about its potential impact on global markets. Sharplink Gaming CEO Joseph Chalom recently said that while many view the legislation as “a US phenomenon,” it is also being seen as a major signal for other jurisdictions around the world.Source: Kalshi CryptoUS asset management firm Grayscale said in a report published on Friday that the odds of the legislation passing are high in the firm’s view, but “the bill will require bipartisan support to clear the full Senate and become law.” “There are still a few hurdles to clear before CLARITY can become law,” Grayscale said.Related: US CLARITY Act brings ‘major spike of euphoria’ to Bitcoin: SantimentThe comments came after a Thursday session of the US Senate Banking Committee, in which all 13 Republican members and two Democrats voted to advance the bill, with nine Democrats also voting no on the bill.Grayscale pointed out that Republicans currently hold 53 seats, meaning at least seven Democrats would need to support the bill. “We believe that’s possible: the GENIUS Act cleared the Senate with 66 votes including 18 Democrats,” Grayscale said.Magazine: ETH stalls at $2.4K five times, SOL to rally to $120: Market Moves

Ethereum needs three catalysts to fall into place for its price to regain momentum and surge higher, according to SharpLink Gaming CEO Joseph Chalom.“One is the CLARITY Act to pass in the US,” Chalom pointed out in an interview with Robert Baggs on Cointelegraph’s Chain Reaction show published to YouTube on Thursday. It came on the same day that all 13 Republican members and two Democrats voted to advance the Digital Asset Market Clarity Act (CLARITY) at the US Senate Banking Committee meeting.Chalom said that while many view the legislation, which aims to give the US crypto industry greater clarity, as “a US phenomenon,” it is also being seen as a major signal for other jurisdictions around the world.Other countries are noticing the US shift away from a hostile stance toward crypto“I’ve been traveling a lot in Asia, and if you go to Korea, Hong Kong, Tokyo and Singapore, they are watching really closely because they realize the US went from having a hostile stance towards crypto and digital assets to um it could become the leader again in finance and you’ll see a red dollarization of a lot of financial activity and these other capitals are very worried,” Chalom said.Joe Chalom spoke to Cointelegraph’s Robert Baggs on Chain Reaction. Source: CointelegraphChalom said the second catalyst is a return in market risk appetite, which he said will largely depend on geopolitical tensions easing and the cooling of the “AI thesis.” “I think we’ll need some of that to go away in order to see crypto rise again,” Chalom said.Sharplink Gaming is the second-largest publicly listed Ethereum treasury company, holding approximately 861,251 ETH, valued at $1.89 billion at the time of publication, according to Ethereum Treasuries data.Ether (ETH) reached an all-time high of $4,823 in August 2025 as part of a broader market uptrend, but has since fallen 55% to $2,190 at the time of publication, according to CoinMarketCap. Tokenization is where Ethereum will “dominate”Chalom said the final Ethereum catalyst he’s watching is the continued expansion of real-world asset tokenization.“Tokenization of financial assets is where Ethereum is going to dominate,” Chalom said.”I think there’s about 32 billion of tokenized RWA. And tokenization started in 2017. So it’s been remarkably slow. Now you’re seeing announcements of whole fund complexes being tokenized,” he said.Several major asset managers have recently made announcements related to tokenization.Related: How the stablecoin market tripled from $100B to $300B in one yearOn Wednesday, JPMorgan filed to launch a tokenized money market fund on Ethereum, allowing stablecoin issuers to hold reserves backing their stablecoins in a regulated, cash-like vehicle while earning interest.In March, Franklin Templeton announced it is teaming with Ondo Finance to bring tokenized versions of its exchange-traded funds onchain, allowing investors to access them through crypto wallets.Chalom said, “You could see a world where there’s not $30 billion in tokenized assets in a year from now. It could be $500 billion or a trillion.”Magazine: eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles

Sentiment around Bitcoin’s near-term price direction has picked up as momentum builds behind the US CLARITY Act, which aims to provide the crypto industry with greater regulatory clarity, according to crypto sentiment platform Santiment.“Bitcoin has seen a major spike of euphoria across social media following news that the Senate Banking Committee advanced the CLARITY Act in a 15–9 bipartisan vote,” Santiment said in an X post on Friday.“This bringsBTC and crypto one step closer to being ultimately passed,” Santiment said.Crypto analysts are staying optimisticBitcoin often sees increased optimism around major industry and macro catalysts, and the US CLARITY Act has attracted significant speculation since its introduction in July 2025 about what its potential passage could mean for the broader crypto industry. In a Thursday session of the US Senate Banking Committee, all 13 Republican members and two Democrats voted to advance the Digital Asset Market Clarity Act (CLARITY), with nine Democrats also voting no on the bill.Source: Cynthia LummisMeanwhile, Bitcoin (BTC) is trading at $79,084 at the time of publication, up 3.15% since May 1, according to CoinMarketCap. Santiment reported that there are currently 1.55 bullish social media comments on Bitcoin for every bearish comment, suggesting this sentiment skew may be flashing warning signs. “We advise caution. Markets typically move opposite to the crowd’s expectations at all times,” Santiment said.However, crypto analysts are staying optimistic that the trend will continue. MN Trading Capital founder Michael van de Poppe said in an X post on Friday that the legislation is “the biggest, and historical, bill for the entire industry and can be a strong trigger for the upcoming bull market.”White House crypto chief warns it isn’t a done deal yetWhite House crypto advisor Patrick Witt said in an X post on Friday that while the CLARITY Act vote was “a major step forward,” it is not yet finalized.“As Senators on both sides of the dais noted, there’s more work to be done before this legislation is ready for prime time. We’ll keep working in good faith to build the support needed to pass the bill on the Senate floor,” Witt said.Santiment said any movement towards the CLARITY Act’s passage “can and should be considered bullish for crypto (in the long run) because it could finally give the industry clearer rules in the United States.”Related: Bitcoin Depot filing casts doubt on company’s future amid lawsuits“If the CLARITY Act passes, more institutional money and powerful players would be expected to enter (or re-enter) the markets,” Santiment said.However, the sentiment platform warned that the largest cryptocurrencies could be “baked in” before the CLARITY Act is officially passed.Other metrics suggest market participants are becoming more cautious about the broader crypto market. The Crypto Fear & Greed Index, which measures overall crypto market sentiment, posted a “Fear” score of 31 on Saturday.Magazine: ETH stalls at $2.4K five times, SOL to rally to $120: Market Moves