According to CoinMeta, Strategy founder and executive chairman Michael Saylor stated that the company announced its BTC cashing-in plan on June 29th, 31 days earlier than the release of its second-quarter financial results, and it was not introduced temporarily after announcing losses. Saylor claimed that Strategy has never promised to “never sell Bitcoin,” and the plan does not require the sale of any BTC. The company expects to continue to maintain a net buy position in Bitcoin in the long term. Official documents from Strategy indicate that this plan is mainly used to replenish dollar reserves, pay dividends and interest, and repurchase securities.