‘I Said to YOU Never Sell Your Bitcoin’: Saylor Speaks Out on 32 BTC Sale

Michael Saylor addressed Strategy’s sale of 32 BTC on stage at BTC Prague on Thursday. He told the audience the transaction does not change the company’s long-term Bitcoin (BTC) thesis.

The executive chairman faced questions because he has urged investors for years to never sell their bitcoin. A small treasury transaction turned that slogan against him this week.

Why Strategy Sold 32 BTC for the First Time Since 2022

Strategy sold 32 BTC between May 26 and May 31 for roughly $2.5 million. That works out to an average of $77,135 per coin, slightly above its $75,699 cost basis.

A June 1 filing with the SEC disclosed the transaction. MSTR shares fell about 6% afterward, and the company’s first bitcoin sale since December 2022 dominated the conversation. The disclosure even triggered a $15 million dispute on Polymarket over contract settlement.

The proceeds will fund distributions on Strategy’s preferred stock. The board declared June 30 cash dividends across all five preferred series, a recurring obligation tied to the firm’s capital structure.

The sale covered about 0.004% of Strategy’s 843,706 BTC, a stack worth roughly $62 billion. Still, the company had already slowed accumulation. It paused buying before earnings in the spring and recently skipped its weekly purchase altogether.

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 pic.twitter.com/5vGM0P9Rwh

— Alex Bragin (@BraginRights) June 11, 2026

Treasury Management Rather Than an Exit From Bitcoin

According to Saylor, the advice targeted individual investors, while the corporate sale served a specific financial obligation. In his framing, the company practiced normal treasury management rather than an exit from bitcoin.

The Strategy co-founder also brushed off the online trolls mocking the sale. In his view, it would be dumb for a company to rule out selling regardless of its obligations.

Liquidity needs drove the decision, not a bearish view on bitcoin’s future, he stressed. The sale’s size supports that reading, since $2.5 million barely registers against a $62 billion position.

Saylor once urged followers to sell a kidney before parting with their bitcoin. Those earlier absolutist posts sharpened criticism once the filing appeared.

Skeptics remain unconvinced. Some analysts argue the episode adds to mounting pressure on MSTR as the stock trades below recent highs. Meanwhile, bitcoin traded near $63,400 on Friday, up 1.4% over 24 hours.

The next test arrives on June 30, when the preferred dividends fall due. Investors will watch whether Strategy funds future distributions from new capital or reaches into its bitcoin reserve again.