Michael Saylor said he intends to permanently destroy access to more than 17,000 Bitcoin by burning the private keys. In his account, once the keys are destroyed, the BTC cannot be moved and cannot be recovered.
He made the comments during a recorded discussion and described the plan as a personal legacy decision. Saylor tied the move to Bitcoin’s original ideas around sovereignty, property rights, and economic freedom. The coins would remain on-chain, but no one would be able to spend them again.
Saylor casts key destruction as a donation to Bitcoin scarcity
Saylor said removing those coins from effective circulation would increase scarcity for the rest of the network on a proportional basis. He framed the act as a kind of charity to Bitcoin rather than a conventional portfolio decision.
He also said anyone can participate in the Bitcoin network at any level and choose how to use the economic power that comes with it. In his telling, outcomes are not set by a central authority; individuals act according to their own beliefs. Saylor linked that view to Satoshi Nakamoto’s original design and to the idea that no one should seize another person’s assets.
No timeline disclosed, and the decision was described as irreversible
Saylor did not provide a timeline for when the private keys would be destroyed. He did, however, say the intention is firm and the decision is final. The available details do not identify the wallet addresses tied to the 17,000-plus BTC or explain the custody setup behind them.
The report also said Strategy has not disclosed whether the Bitcoin in question is connected to company holdings. The firm continues to manage its capital structure separately from Saylor’s personal assets.
Strategy lifts STRC dividend rate to 11.50%
Separate from Saylor’s personal Bitcoin plan, Strategy updated the dividend rate for its STRC preferred stock. The company raised the March 2026 Stretch Dividend Rate by 25 basis points to 11.50%. That followed another 25-basis-point increase in February, which brought the rate to 11.25%.
STRC pays monthly cash dividends and resets its rate each month. Strategy describes the instrument as short-term, high-yield credit. Company disclosures also say STRC shares may be sold through an at-the-market program, allowing capital to be raised over time, with proceeds that could support additional Bitcoin purchases.
Saylor’s latest remarks point to two parallel tracks: one is the permanent removal of personal BTC from circulation, the other is the use of corporate financing tools connected to continued Bitcoin accumulation. They center on the same asset, but they do not refer to the same owner or the same mechanism.