Saylor Defends Strategy’s 32 BTC Sale: ‘I Said to YOU Never Sell Your Bitcoin’

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Strategy’s 32 <a href="https://jpykr.com/btc-usd/">BTC</a> sale puts Saylor’s <a href="https://jpygbp.com/btc-usd/">Bitcoin</a> mantra on trial

At the BTC Prague conference, Michael Saylor explained that Strategy’s recent, minor sale of Bitcoin doesn’t alter their overall, long-term commitment to the cryptocurrency.

Summary

  • Strategy sold 32 BTC for $2.5 million to fund preferred stock dividend payments due June.
  • Saylor said his never-sell advice targeted individual holders, not corporate treasury management decisions at Prague.
  • Strategy later bought 1,550 BTC, lifting current reserves to 845,256 Bitcoin after the sale disclosure.

Michael Saylor explained the recent sale of 32 Bitcoin during a speech at BTC Prague on June 11th. He responded to concerns from traders who were surprised by the sale, considering his previous statements that his company would ‘never sell’ its Bitcoin.

Between May 26th and May 31st, Strategy sold 32 Bitcoin for approximately $2.5 million. The average selling price was $77,135 per coin. This was the company’s first reported Bitcoin sale since December 2022.

“I said to YOU never sell your bitcoin,” said Michael Saylor at BTC Prague.

As an analyst, I found Saylor’s statement noteworthy because he clearly distinguished between his personal investment recommendations and the company’s treasury decisions. He presented the sale as a strategic funding move for the company, emphasizing that it didn’t reflect any wavering in his long-term belief in Bitcoin.

Here is the answer on stage of @BTCPrague why Michael @saylor sold 32 BTC

— Alex Bragin (@BraginRights) June 11, 2026

Strategy sold BTC to fund dividends

Strategy reported on June 1st that selling Bitcoin would help fund payments to its preferred stockholders. The company’s board had already approved cash dividends for these stockholders, to be paid on June 30th.

These commitments involve payments related to several funds: STRF, STRC, STRE, STRK, and STRD. The company reported that the STRC dividend paid in June had an annual rate of 11.50%.

While the sale only accounted for a tiny fraction – around 0.0038% – of Strategy’s total Bitcoin holdings, it was significant due to Michael Saylor’s frequent public statements about the company’s Bitcoin strategy.

As crypto.news previously covered, Strategy selling 32 BTC sparked discussion because the company was known for holding Bitcoin for the long term. While the sale wasn’t large in terms of the amount of Bitcoin involved, it received a lot of attention from the market.

Strategy later resumed Bitcoin buying

I recently added to my Bitcoin holdings, picking up 1,550 BTC between June 1st and 7th for around $101.3 million. That worked out to an average price of $65,332 per Bitcoin. Now, my total Bitcoin reserve is up to 845,256 BTC.

This purchase was almost fifty times the size of a recent 32 Bitcoin sale. It happened as Strategy also increased its reserves held in U.S. dollars by $100 million, bringing the total to $1 billion.

As a researcher following Strategy, I was pleased to see their recent purchase. It alleviated some worries I had about whether they were shifting away from building their holdings. The update also clarified that they funded the purchase using money raised through their share program and, importantly, were able to replenish their cash reserves in the process.

As a researcher tracking corporate Bitcoin holdings, I’ve observed that Strategy now holds 845,256 BTC, with an average purchase price of $75,680 per Bitcoin. This makes them, by a significant amount, the largest publicly traded company to hold Bitcoin.

Dividend model remains in focus

The main question now is how Strategy will pay for its future commitments. Currently, dividend payments on its preferred stock require regular cash, and Bitcoin makes up the largest part of the company’s assets.

Michael Saylor hinted that Strategy might handle personal Bitcoin investments separately from how the company manages its cash. This setup would allow for some Bitcoin sales if the company needs funds for dividends or other financing.

Investors are paying close attention to the dividend date of June 30th, trying to figure out how Strategy will fund its future payments. Specifically, they want to know if the company will use its existing cash, borrow money, or sell a small amount of Bitcoin to cover them.

MicroStrategy’s recent Bitcoin purchase confirms they are still buying more Bitcoin than they sell. However, their decision to sell 32 BTC has led some traders to question the company’s previous statement that they would never sell any of their Bitcoin holdings.

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2026-06-12 12:21