Michael Saylor’s Statement on Bitcoin Sales: “The Company Will Sell BTC If Necessary”

Michael Saylor, founder of Strategy, one of the world’s largest institutional Bitcoin investors, has clarified the long-debated “never sell” adage.

Speaking at a Bitcoin event in Prague, Saylor stated that the company could sell some of its Bitcoin holdings if deemed necessary, emphasizing that his past statements were directed at individual investors.

Responding to criticism directed at him on social media, Saylor stated that he never said Strategy would never sell its Bitcoins. The renowned executive explained that the “never sell” advice pertains to individual investors’ long-term investment strategies, while a publicly traded company has different financial responsibilities.

In his speech at the event, Saylor said that maintaining the financial stability of a company worth approximately $100 billion is a priority. He stated that the company should have the flexibility to sell Bitcoin if necessary, noting that this approach has been clearly expressed in investor presentations, financial reports, and earnings calls for the past five years.

These statements came to light through a video shared by Alex Bragin on the X platform. In the video, Saylor is seen clearly distinguishing between company policies and personal investment advice.

This announcement comes after Strategy’s recent Bitcoin sale. Earlier this month, the company announced it sold 32 $BTC at an average price of $77,135. While the amount sold was relatively small, this transaction was seen as a significant milestone in Strategy’s years-long aggressive Bitcoin accumulation strategy.

On the other hand, an analysis published by Fortune suggested that the company might have to sell more Bitcoin in the future if its dividend obligations related to the preferred shares it issues increase. This situation is being closely monitored in terms of the company’s capital structure and cash flow management.

Market analysts say Saylor’s statements don’t represent a radical shift in Strategy’s Bitcoin strategy, but they clearly indicate that the company may resort to asset sales if necessary to maintain financial flexibility. Despite this, the company remains the world’s largest institutional $BTC investor, holding hundreds of thousands of Bitcoins.

*This is not investment advice.