Michael Saylor said Strategy is not committed to holding Bitcoin without exception. Speaking on The Wolf Of All Streets Podcast during Consensus Miami, the Strategy chairman said the company may at times sell small portions of its BTC to preserve balance-sheet flexibility and maintain Bitcoin’s standing as a liquid corporate asset.
Strategy currently holds about 818,000 BTC, valued in the article at nearly $65 billion, making it the largest corporate Bitcoin holder in the world. Saylor said that if markets believed the company would never sell under any circumstance, credit rating agencies could argue that the holding should not be treated as an asset in a practical sense.
Sales would be tactical and very limited
Saylor said Bitcoin gives Strategy access to roughly $20 billion to $100 billion in liquidity outside equity and debt markets. In his view, refusing to ever use that liquidity could weaken the company’s financial structure rather than strengthen it.
He described any sale as small and tactical. Strategy, he said, might sell 20 basis points of its Bitcoin position, then buy back five to ten times more BTC in the same month. Using his own example, selling $100 million worth of Bitcoin while purchasing $1 billion to $2 billion in the same month would still leave the company as a net buyer.
Saylor also said occasional sales could help fund STRC dividends or unlock billions of dollars in tax credits tied to higher-cost Bitcoin purchases. Strategy CEO Phong Le told CNBC that the company would only sell Bitcoin if doing so became “more accretive to shareholders” than issuing additional stock.
STRC grew to $8.5 billion in eight months
Another focus of the discussion was STRC, Strategy’s preferred share product. Saylor said it expanded from zero to $8.5 billion in just eight months. He added that DeFi platforms are already tokenizing STRC into yield-generating digital assets, while projects such as Apex and Saturn are reportedly drawing millions of dollars in daily inflows.
Saylor said digital yield products could become a multibillion-dollar business within months as investors rotate away from low-yield stablecoins and traditional money-market products. His description of the current phase was blunt: hypergrowth.
Bitcoin treasury firms and miners have already sold
Saylor’s remarks come as several Bitcoin treasury companies and miners have sold BTC during the broader crypto downturn. The report said public miners including MARA Holdings, Riot Platforms, and Core Scientific sold more than 32,000 BTC in Q1 2026 to help finance expansion into AI and high-performance computing.
Smaller treasury firms modeled on Strategy, including Nakamoto, Empery Digital, and Sequans, also sold parts of their Bitcoin holdings after BTC fell nearly 50% from its all-time high near $126,000. Saylor, though, did not soften his long-term accumulation stance. In the interview, he said he would keep buying at higher prices, naming $200,000, $1 million, $2 million, and even $16 million per Bitcoin.