Bitcoin

BnkToTheFuture

Strategy executive chairman Michael Saylor said he raised the possibility of selling Bitcoin during Strategy's recent earnings call to protect the asset's long-term interests.
“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,” Saylor told Scott Melker on The Wolf Of All Streets podcast <a href="https://www.youtube.com/watch?v=noC7pqm5Wus&amp;t=175s" rel="noopener noreferrer nofollow">published</a> to YouTube on May 10.
“There is $20 to $100 billion of liquidity in the Bitcoin market that is not correlated to our equity or to our credit. If we were to say we’re never going to take advantage of that liquidity and we’re never going to use that asset, then we’re impairing the asset, which 98% of the company is built on,” Saylor explained, adding:
<blockquote>
 “It’s pretty important to us to send the signal that if we need to, we can.”
</blockquote>
It comes after growing speculation within the Bitcoin community after Saylor said during Strategy’s first-quarter earnings call that his company <a href="https://cointelegraph.com/news/strategy-posts-125b-net-loss-in-q1-as-btc-fell-xx" rel="noopener noreferrer nofollow">could sell Bitcoin</a> to “inoculate” the market against sudden panic or to reinforce confidence in the company, in contrast to its long-standing “never sell” Bitcoin strategy.<img alt="Michael Saylor floated Bitcoin sales idea to avoid 'impairing' the asset" height="1071" src="https://s3-images.ctmedia.io/media/content/screen-shot-2026-05-17-at-51831-am.png" width="1895">
Michael Saylor spoke to Scott Melker on The Wolf of All Streets podcast. Source: <a href="https://www.youtube.com/watch?v=noC7pqm5Wus&amp;t=175s" rel="noopener noreferrer nofollow">The Wolf Of All Streets</a>
Bitcoiners began to speculate on social media. Prominent Bitcoiner and BnkToTheFuture CEO Simon Dixon <a href="https://x.com/SimonDixonTwitt/status/2052401972251103605?s=20" rel="noopener noreferrer nofollow">said</a> on May 7 that Strategy “might need to sell some Bitcoin when the financial industrial complex manipulates our Bitcoin collateralized debt obligations and perpetual dividends wrappers.”
Strategy has been consistently buying Bitcoin since August 2020, when it began holding Bitcoin as a primary treasury asset. The company now holds 818,869 BTC at an average purchase price of $75,540 per coin, <a href="https://www.strategy.com/purchases" rel="noopener noreferrer nofollow">according</a> to its website.
Related: <a href="https://cointelegraph.com/news/sharplink-ceo-points-out-these-3-catalysts-for-ethereum-to-reach-new-highs" rel="noopener noreferrer nofollow">Sharplink CEO points out 3 catalysts for Ethereum's price to surge higher</a>
On Monday, Cointelegraph <a href="https://cointelegraph.com/news/strategy-resumes-bitcoin-acquisitions-43m-btc-buy" rel="noopener noreferrer nofollow">reported that</a> Strategy acquired 535 Bitcoin for $43 million between May 4 and May 10 at an average price of $80,340 per BTC.
While Saylor is known for regularly <a href="https://x.com/saylor/status/1886046076316041641?s=20" rel="noopener noreferrer nofollow">posting</a> “Never sell your Bitcoin” on X, on May 6, he <a href="https://x.com/saylor/status/2052394763001761817?s=20" rel="noopener noreferrer nofollow">wrote</a>, “Buy more bitcoin than you sell.”
Magazine: <a href="https://cointelegraph-magazine.com/etoro-founder-yoni-assia-bitcoin-four-year-cycle-theory-price-prediction-btc/" rel="noopener noreferrer nofollow">eToro founder timed Bitcoin top perfectly due to belief in 4 year cycles</a>

Michael Saylor floated Bitcoin sales idea to avoid 'impairing' the asset

Cointelegraph

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