BlockBeats news, on May 6, Michael Saylor, founder of Strategy, broke his longstanding "never sell" stance for the first time during the live broadcast of the company’s Q1 2026 earnings call, stating that the company may sell a portion of its Bitcoin holdings to pay dividends. He said: “We may sell some Bitcoin to pay dividends, with the aim of desensitizing the market and sending a clear signal that we are actually doing this.”
Michael Saylor has long maintained the public stance of "Never sell your Bitcoin," repeatedly reaffirming it on CNBC, Bloomberg, and X, and even pledging to donate his Bitcoin to organizations supporting Bitcoin after his death. Strategy’s treasury has never sold a single Bitcoin, establishing this as the public benchmark of his commitment.
In its 10-K filing submitted to the SEC in April 2025, Strategy included a risk disclosure stating that, without new financing, the company might be forced to sell Bitcoin to meet financial obligations. This led to market speculation that Michael Saylor would be selling off Bitcoin, but Saylor immediately denied it publicly, calling the scenario “highly unlikely.” During an interview in February 2026, he again characterized the speculation about forced sales as “unfounded.”
In the financial report, Strategy has consistently retained the right to be forced to sell Bitcoin. At the end of the report, Strategy stated: “It should be noted that if the convertible debt matures and is not converted into shares, the company may be forced to sell Bitcoin or common stock to repay the debt—this is not an intention to realize profits.”