At the BTC Prague conference on Thursday, Michael Saylor explained that Strategy’s recent sale of 32 Bitcoin doesn’t affect the company’s overall belief in Bitcoin’s long-term potential.
The company’s chairman was under scrutiny after a recent event contradicted his long-held advice to investors. For years, he’d encouraged them to hold onto their bitcoin indefinitely, but a small company sale of bitcoin raised questions about his position.
Why Strategy Sold 32 BTC for the First Time Since 2022
Between May 26th and May 31st, the strategy sold 32 Bitcoin for approximately $2.5 million. The average selling price was about $77,135 per Bitcoin, which is a little higher than the original purchase price of $75,699 per coin.
As a researcher following MicroStrategy, I noted their recent transaction was publicly disclosed in a filing with the SEC on June 1st. Following the announcement, we observed a roughly 6% drop in MSTR stock price. This sale also marked the company’s first Bitcoin sale since December 2022, and it quickly became a major topic of discussion. Interestingly, the disclosure even led to a $15 million disagreement on the Polymarket prediction platform regarding how contracts should be settled.
The money will be used to pay dividends on Strategy’s preferred stock. The company’s board of directors announced cash dividends for all five series of preferred stock, which are regular payments required by the company’s financing structure.
The recent sale involved a small portion – about 0.004% – of Strategy’s total Bitcoin holdings of 843,706 BTC, which are currently worth around $62 billion. However, Strategy had already begun reducing its Bitcoin purchases, pausing them before its spring earnings report and recently skipping its regular weekly buy.
Saylor Speaks Out on His Never Sell Bitcoin Advice
Speaking in Prague on June 11, Saylor confronted the apparent contradiction head-on.
“I said to you never sell your bitcoin.”
Saylor said at BTC Prague, in a video shared by Alex Bragin.
Here is the answer on stage of @BTCPrague why Michael @saylor sold 32 BTC
— Alex Bragin (@BraginRights) June 11, 2026
He clarified that the guidance he gave was for people investing on their own, and the company’s sale of bitcoin was simply to meet a financial requirement. He emphasized that this was routine financial management, not a decision to stop investing in bitcoin altogether.
He dismissed the criticism he received online about the sale. He believes it’s unwise for any company to refuse a sale simply because of potential concerns, considering its responsibilities.
He explained the sale wasn’t based on a negative outlook for Bitcoin, but rather on needing cash. The relatively small size of the sale – $2.5 million out of a $62 billion holding – backs up this explanation.
Michael Saylor previously advised people to consider selling a kidney rather than selling their Bitcoin. These strong statements drew more criticism when his company’s financial filing became public.
Despite the recent gains, some people aren’t convinced this will last. Analysts point out that MicroStrategy’s stock is struggling to reach its previous peak, adding to concerns about the company. Bitcoin, however, was trading around $63,400 on Friday, a 1.4% increase from the day before.
The next key date is June 30th, when Strategy fund’s dividend payments are due. Investors will be looking to see if the fund pays these dividends with new investments, or by selling some of its Bitcoin holdings.
Read More
- USD CNY PREDICTION
- Silver Rate Forecast
- EUR HKD PREDICTION
- Gold Rate Forecast
- USD THB PREDICTION
- USD AUD PREDICTION
- CNY JPY PREDICTION
- USD RUB PREDICTION
- EUR USD PREDICTION
- EUR AUD PREDICTION
2026-06-12 09:11