Michael Saylor has stated that he has never sold any personal Bitcoin, drawing a clear distinction between his individual holdings and Strategy's corporate treasury operations, which may include buying or selling BTC as part of public-company capital management. Strategy, formerly known as MicroStrategy, is the largest publicly traded corporate holder of Bitcoin, making its treasury moves closely watched across both crypto and traditional finance markets.

Saylor Separates Personal Bitcoin From Strategy Holdings

Saylor addressed growing confusion after social media posts suggested that Strategy had abandoned his well-known "Never Sell Your Bitcoin" message. He clarified that the phrase was intended as personal guidance between individual holders, not as a fixed corporate treasury policy.

"When I say 'Never Sell Your Bitcoin,' I speak as one saver to another," Saylor said. "I have never sold mine. Not one satoshi."

He emphasized that Strategy operates differently from his personal wallet, stating: "Strategy is a public company, not my wallet."

The clarification followed Strategy's sale of 1,638 Bitcoin last week, which raised $104.73 million. The company deployed the capital to support reserves and preferred securities. Strategy has disclosed since 2020 that it may buy or sell Bitcoin to manage capital, and Saylor reiterated that the company's long-term conviction in Bitcoin remains unchanged.

Strategy Sells BTC and Lifts USD Reserve

The Bitcoin sale reduced Strategy's total holdings to 842,138 BTC, which were acquired for $63.51 billion at an average price of $75,419 per Bitcoin. The sale marks a notable shift for a company that had been exclusively accumulating Bitcoin since adopting it as its primary treasury reserve asset in August 2020, a strategy that has since been studied and partially replicated by other public companies.

The company also raised $290.6 million through common stock sales, providing additional flexibility as it manages its Bitcoin treasury, cash reserves, and preferred stock obligations.

Strategy increased its USD reserve by $250 million during the latest reporting period, bringing the total reserve to $4 billion. The company additionally repurchased 912,143 shares of its STRC preferred stock for $81.2 million. STRC has drawn significant attention after Strategy issued the high-yield preferred stock to support its funding model.

Strategy stated it will maintain STRC's annual dividend rate at 12% and does not plan to recommend a reduction until the shares trade consistently near their stated $100 value.

Viral $5 Billion Bitcoin Sale Claim Draws Pushback

Saylor also pushed back against claims that Strategy had newly authorized up to $5 billion in Bitcoin sales. The figure originated from a capital plan announced on June 29, not from a fresh decision made over the weekend.

The plan includes a BTC monetization program granting Strategy flexibility to sell Bitcoin. The framework does not mandate Bitcoin sales but permits them for specific capital needs.

The $5 billion figure is derived from several spending limits: $1.25 billion for cash reserves, $1 billion for preferred share buybacks, $1 billion for common stock buybacks, and approximately $1.76 billion for annual dividends and interest.

Strategy had already shifted toward active capital management prior to the latest debate, conducting its first Bitcoin sales in years to help cover dividend costs.

Critics have argued that STRC creates additional cash pressure. Peter Schiff said recent Bitcoin and MSTR share sales lowered Strategy's Bitcoin yield and increased scrutiny on STRC funding requirements.