Strategy chairman Michael Saylor has not ruled out selling some of the company’s bitcoin as early as this year, softening his long-held “never sell” position in a recent interview.
Saylor made the remarks during a conversation with Natalie Brunell on the Coin Stories podcast, published to YouTube on Friday.
What Saylor said
“I think it’s not unlikely that we’ll sell some Bitcoin between now and the end of the year.”
He added that it is “also likely” the company will sell a mix of equity and credit while managing its USD and cash holdings, describing the process as running multivariate models in a “thoughtful programmatic fashion.”
The goal, he said, is long-term optimization:
“Ultimately, the way to think of it is seven years out, we would like to have maximized our Bitcoin per share.”
Strategy is targeting peak bitcoin per share by 2033, with all capital allocation decisions aimed at that objective.
Strategy’s current position
At the time of publication, bitcoin was trading at around $75,958, while Strategy’s average acquisition price across its 843,768 BTC sits at roughly $75,700 — meaning the company is barely above breakeven on its holdings.
MSTR stock closed Friday at $159.89, down 10.86% over the prior 30 days.
Strategy has never publicly announced a bitcoin sale before, so how the market would react remains an open question.
Why Saylor raised the possibility
Saylor had already floated the idea days earlier on The Wolf Of All Streets podcast, framing it as a matter of financial credibility:
“We own about $65 billion worth of Bitcoin. If the market thought we would never sell it, the credit rating agencies would say, ‘Well then, I guess it’s not an asset.’”
