Michael Saylor: I Never Sold Bitcoin, MicroStrategy Did

Michael Saylor says he has never sold any of his own Bitcoin (BTC), not one satoshi. He published the defense hours after Strategy disclosed the sale of 1,638 coins.

His slogan built a following among retail holders. His company runs a treasury that sells coins to cover bills.

Michael Saylor Never Sold His Personal Bitcoin

Saylor drew the line himself on Monday.

“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,” he wrote.

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Two days earlier he shut down sale rumors spreading on the same platform, saying the company never carried a formal never-sell policy.

The Dividend Bill Behind the Sale

Monday’s filing put holdings at 842,138 BTC as of August 2. The stack has shrunk since late May, when it stood at 843,738.

Strategy sold at an average $63,957 a coin. Its cost basis is $75,419, so each coin left at a loss near $11,500.

The cash did two jobs. It lifted the USD reserve by $250 million to $4.0 billion and retired $81 million of STRC, a Bitcoin-backed preferred share that pays 12% a year.

That obligation keeps growing. Preferred dividends reached $400.7 million in the second quarter, up from $49.1 million a year earlier.

The next disclosure arrives within a week. It will show whether 10 weeks without net buying was a pause or a turn.

The post Michael Saylor: I Never Sold Bitcoin, MicroStrategy Did appeared first on BeInCrypto.

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