Saylor: Selling Bitcoin needed to support Strategy’s digital credit products

Michael Saylor, executive chairman of Strategy, defended the company's recent sale of Bitcoin, saying the ability to sell the asset is necessary to continue issuing "digital credit." Strategy disclosed its first reported Bitcoin sale since 2022 in a June 1 filing with the US Securities and Exchange Commission, offloading 32 BTC — a move that appeared to contradict Saylor's long-standing "never sell your Bitcoin" mantra.

He argued that Bitcoin treasury companies must retain the option to sell holdings when needed to support dividend-paying securities and other Bitcoin-backed credit products. "If the company's policy is that we won't sell the Bitcoin, then the credit won't have value and the equity won't have value," Saylor said.

"The company is in the business of selling digital credit. The credit is backed by capital.

United States

michael saylor, strategy, bitcoin sale, digital credit, bitcoin treasury, sec filing, 32 btc, never sell, dividend securities, bitcoin backed