As Bitcoin continues to cement its position in global finance, Michael Saylor, the Executive Chairman of Strategy, has once again doubled down on his bullish stance toward the crypto asset.
Saylor, in a recent post on X, has urged investors to adopt a long-term accumulation mindset, saying, “Buy more Bitcoin than you sell.”
Known for leading one of the most aggressive corporate Bitcoin acquisition strategies in history, Saylor believes the digital asset remains the ultimate hedge against inflation and economic uncertainty.
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This comes as Bitcoin this week, surged past the $82,000 mark on Wednesday, hitting its highest level in over three months as improving global risk sentiment and reports of a potential U.S.–Iran peace framework boosted broader markets. However, the crypto asset saw a price retracement, after its price dropped to $79,800 on Thursday following rejection at a key dynamic resistance level.
Notably, Saylor’s statement comes just days after his company’s Q1 2026 earnings call, during which Saylor and the leadership team discussed the possibility of selling small amounts of Bitcoin to cover dividend obligations on its preferred stock instrument, STRC.
“Our ability to sell Bitcoin either to buy U.S. dollars or sell Bitcoin to buy debt if it’s accretive to Bitcoin per share is something that we would consider doing going forward,” Saylor said during the call.
On May 5, 2026, Strategy reported a significant $12.54 billion net loss for the first quarter, driven almost entirely by a $14.46 billion unrealized loss on its Bitcoin holdings amid a period of price volatility. Despite the accounting hit, the company’s operational software business showed resilience, with revenues rising 11.9% year-over-year to $124.3 million.
Strategy has been one of the market’s most closely watched Bitcoin proxy stocks, with its share price often amplifying moves in the cryptocurrency itself. In an interview with CNBC just three months prior in February, Saylor stated that Strategy would “never sell” Bitcoin.
So far, the company has sold Bitcoin only once, in December 2022. It sold 704 BTC for around $11.8 million at an average price of $16,775 per Bitcoin. At the time, the company said the sale was for tax-loss harvesting purposes amid low Bitcoin prices. It marks the first, and only, divestment by MSTR since its 2020 pivot to a digital asset treasury (DAT).
Strategy currently holds over 818,000 BTC, despite hitting pause on new Bitcoin purchases in the past week. For a company long celebrated for its “never sell” Bitcoin treasury policy, the CEO’s comment marked a notable evolution in tone, though Saylor’s follow-up post makes it clear that the core philosophy remains unchanged in relentless Bitcoin accumulation.
From “Never Sell” to “Net Buyer,” Saylor’s “buy more than you sell” philosophy represents a pragmatic refinement of Strategy’s Bitcoin treasury strategy rather than a reversal. The company has transformed from a traditional software firm into a Bitcoin development company, using equity, debt, and now digital credit instruments like STRC to acquire more BTC.
This approach has delivered extraordinary results for long-term shareholders. Since adopting Bitcoin as its primary reserve asset in 2020, Strategy’s stock has significantly outperformed Bitcoin itself and major indices on an annualized basis. Analysts remain largely bullish.
Outlook
Saylor’s message resonates because it addresses a common concern among Bitcoin maximalists, whether any sale undermines the thesis. His response is clear, net accumulation is what counts.
As long as inflows via capital raises and operations exceed any outflows, the Bitcoin-per-share metric, a key focus for the company, continues to rise. This balanced yet aggressive stance positions Strategy as both a steward of Bitcoin’s long-term value and a sophisticated financial operator capable of navigating real-world obligations without compromising its core conviction.