‘Never Sell Your Bitcoin’? Michael Saylor Reacts To Backlash Over Strategy’s BTC Sale

Michael Saylor has responded to criticism around Strategy’s recent Bitcoin sale. He stood up to the renewed discussion around his famous “Never Sell Your Bitcoin” mantra.

Michael Saylor Clarifies Stance On ‘Never Sell Your Bitcoin’ Idea

In a post on X, Saylor defended his position. He wrote, “When I say ‘Never Sell Your Bitcoin,’ I speak as one saver to another.” He added, “I have never sold mine. Not one satoshi.”

Saylor also drew a distinction between his personal holdings and the company’s treasury operations. He stated, “Strategy is a public company, not my wallet.” He further noted that since 2020, the company has disclosed that it “may buy or sell $BTC to manage capital.” According to Saylor, “Our shared conviction in Bitcoin remains unchanged.”

The comment was made in response to Strategy’s announcement on selling a part of its Bitcoin holdings. However, in a sarcastic comment, crypto commentator Tony Edward replied to Saylor’s post with “Sure buddy.”

When I say “Never Sell Your Bitcoin,” I speak as one saver to another. I have never sold mine. Not one satoshi. Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell $BTC to manage capital. Our shared conviction in Bitcoin remains unchanged.

— Michael Saylor (@saylor) August 3, 2026

Edward also attached an older video of Saylor talking about the firm’s Bitcoin stance. In the clip, Saylor says, “So, we’re not gonna be selling. We’re gonna be buying Bitcoin.”  The video soon picked up momentum as people made comparisons between the previous video and the company’s recent deals.

The backlash comes as an SEC filing made Monday, August 3, revealed that Strategy sold 1,638 BTC in the last week. This transaction was executed at a median price of $63,957 per Bitcoin.

After the deal, Strategy had 842,138 BTC in its portfolio. The reserve was acquired total cost of $63.51 billion, averaging $75,419 per Bitcoin, per the filing.

How Did Strategy Use The BTC Sale Proceeds?

The latest sale was Strategy’s first Bitcoin transaction since early July. In the first week of that month, the company has sold 2,225 BTC. It hasn’t made a Bitcoin purchase in over five weeks. The last one was June 22, when Strategy purchased 520 BTC.

Strategy also revealed how it applied the funds it raised with the most recent sale. It set aside $52.4 million to pay the dividends to STRC shareholders. Additional $52.3 million was spent on the repurchasing of STRC shares through its Digital Securities Repurchase Program.

In the filing, Strategy noted that it bought 912,143 shares of STRC for $81.2 million. This was the second straight week of buybacks as the stock continued trading below its $100 par value.