Michael Saylor says a sell-off Bitcoin strategy before the end of the year is “not out of the question” in an interview on the Coin Stories podcast.
summary
- Saylor told Natalie Brunell that it was “unlikely” the strategy would sell some bitcoin before the end of the year, softening his long-standing stance of never selling.
- He said that any model that relies solely on stocks, credit or bitcoin sales will perform poorly, and that this strategy uses a hybrid approach to capital management.
- The strategy holds 818,334 BTC worth approximately $65 billion and aims to maximize BTC per share over seven years to 2033.
Chief Strategy Officer Michael Saylor He said On the Coin Stories podcast, it was “not out of the question” that the company would sell some bitcoins before the end of the year. This comment softens his general long-term stance that the strategy will never sell.
“I think it’s not out of the question that we will sell some bitcoin between now and the end of the year,” Saylor said. “Any model we put together that is just stocks or just credit or just bitcoin will always underperform.”
Why Saylor says the strategy could sell Bitcoin in 2026
These comments come on the heels of Strategy’s first-quarter earnings call, where Saylor said the company raised the possibility of selling Bitcoin to fund the dividend, saying it would “fortify the market.” Crypto.news has I mentioned On that call and the $12.54 billion net loss in the first quarter that preceded it.
Saylor described Strategy’s capital management as automated and data-driven, with liabilities valued against a mix of cash, equity, credit and bitcoin. The strategy has 818,334 BTC acquired for approximately $61.6 billion at an average price of $75,527.
Saylor also emphasized that the strategy does not plan to retire its preferred products STRF, STRD and STRK, calling them useful parts of the capital structure while convertible bonds remain major liabilities that should be retired over time.
What does selling bitcoin strategy mean for the markets
Saylor said any sale would be small compared to the daily liquidity of the Bitcoin market, which is estimated at between $20 billion and $50 billion. He said the strategy could buy roughly 20 bitcoins for every coin sold if profits were funded entirely by bitcoin sales.
Crypto.news has male Saylor formulates a three-tier capital structure for the strategy, with Bitcoin as digital capital, STRC as digital credit, and MSTR as leveraged capital. The company’s seven-year goal is to maximize bitcoin per share by 2033.
This long-term lens makes 2026 bitcoin sales a capital allocation decision, not a reflection of conviction, Saylor said.
