Michael Saylor dismissed recent reports claiming that Strategy Inc. had approved a new $5 billion bitcoin sale. He stated the authorization mentioned was part of an existing capital-management framework announced in June, not a fresh decision to offload bitcoin holdings.
Existing Framework and Recent Sales
On June 29, Strategy Inc. revealed its Digital Credit Capital Framework, a program permitting bitcoin sales under specific corporate conditions but not mandating them. This framework came under scrutiny after a social media post suggested it was a new move signaling significant bitcoin liquidation.
According to a July 6 SEC filing, Strategy sold 3,588 bitcoin between June 29 and July 5 for $216 million. These sales followed a small 32 BTC sale earlier in 2026 to cover preferred-stock dividends. Rather than buying more bitcoin, the company issued $263.5 million in common stock to boost cash reserves and liquidity, balancing its bitcoin assets with financial obligations linked to its preferred securities.
Saylor’s Additional Comments
Addressing misconceptions, Saylor emphasized the program was announced more than a month before the company’s quarterly results and not as a response to any losses. He clarified Strategy has never adopted a “never sell” stance on bitcoin. The program does not require sales and leaves room for the company to remain a net buyer over time. Under this framework, Strategy still holds $1.25 billion in reserve-building capacity, with proceeds from any bitcoin sales potentially funding dividends.
