Strategy does not indicate the sale of BTC, but rather a routine risk disclosure

ChainCatcher news, a piece about Strategy (formerly MicroStrategy) possibly being forced to sell Bitcoin has attracted widespread attention on X. The news states that according to the 8-K form submitted by Strategy to the SEC on April 7, if the price of Bitcoin continues to decline, the company may be forced to sell its Bitcoin holdings to repay debts, breaking Michael Saylor's promise of "never selling Bitcoin."

Upon verification, this interpretation is misleading. The phrase "may be forced to sell Bitcoin" mentioned by Strategy in the 8-K form is actually a standardized risk disclosure clause, rather than the company's actual intentions or actions to be taken.

Such risk disclosures are extremely common in the financial reports of publicly traded companies, especially for those holding significant amounts of specific assets. In fact, this phrase has not appeared for the first time; similar statements have been present in Strategy's financial reports over multiple past quarters. In the Q1 2024 filing, the same risk warning statement was already present.