Michael Saylor has moved to clarify Strategy’s position after recent comments raised questions about whether the company could sell part of its Bitcoin holdings.
Summary
- Saylor says Strategy may sell Bitcoin but remain a net buyer over time.
- Strategy holds 818,334 BTC after reporting a $12.54 billion Q1 loss.
- Dividend costs and Peter Schiff’s Ponzi claims keep pressure on Strategy’s model.
The Strategy co-founder said his well-known “never sell your Bitcoin” line was less precise than the company’s actual policy. He said the clearer position is that Strategy should never become a net seller of Bitcoin.
Strategy may sell BTC to buy more later
Saylor said any Bitcoin sale would not mark a retreat from the company’s treasury plan. Instead, he argued that a limited sale could support a larger accumulation strategy.
“Even if we were to sell one Bitcoin, we’d be buying 10 to 20 more Bitcoin,” Saylor said.
The claim suggests Strategy could sell small amounts while still increasing its total BTC holdings.
Crypto.news recently reported that Strategy posted a $12.54 billion net loss for Q1 2026 and held 818,334 BTC as of May 3. The company’s Bitcoin was acquired at an average price of $75,537.
The same report noted that Strategy’s preferred stock products carry about $1.5 billion in annual dividend obligations. That has fueled debate over whether Bitcoin sales may be needed to support payouts.
Schiff renews criticism of Saylor’s model
Peter Schiff has again criticized Strategy’s Bitcoin-linked structure, claiming the model could face stress if Bitcoin weakens or dividend pressure grows.
Saylor rejected that view. He said critics who do not accept Bitcoin as “digital capital” are unlikely to accept financial products built around it. Strategy’s core message remains that Bitcoin is its main treasury asset, even if limited sales become part of its funding approach.
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