Appearing on the New Era Finance Podcast at a conference in Prague, Michael Saylor, founder of MicroStrategy and a well-known Bitcoin investor, clarified the claims circulating in the cryptocurrency markets recently that “MicroStrategy sold Bitcoin.” Saylor argued that the panic created by the rumors on social media (X) was unfounded, and detailed the rational and strategic reasons behind the sale.
Contrary to market rumors, Saylor claimed the company had not abandoned its Bitcoin strategy, drawing attention to the scale of the sale. “We bought 175,000 Bitcoin right in the middle of the bear market this year. In contrast, we only sold 32 Bitcoin,” Saylor stated, adding that this amount represented a negligible and insignificant two ten-thousandths (0.02%) of their total assets.
So, if the amount was so small, why was it sold? Saylor reminded everyone that his company operates as a massive “treasury company,” obligated to both pay dividends to its lending investors and protect its equity investors. Saylor summarized their strategy with these words: “We have to defend our lending and equity investors. This may sometimes require us to sell 1 Bitcoin to buy 20 Bitcoin. This is actually more tax-efficient and a completely rational step economically.”
He underlined that if they lose the trust of credit markets, they may find themselves in a situation where they cannot buy any Bitcoin at all.
Saylor stated that these small sales transactions on the institutional side should not set a bad example for individual investors, and added that he had not touched his own investments: “I personally bought a lot of Bitcoin and haven’t sold a single Satoshi yet.”
According to Saylor, the main reason Bitcoin is lagging behind current stock markets (especially the record-breaking S&P 500) is the “AI” craze. He stated that there is currently a huge “AI Black Hole” in the market, and this enormous gravitational force is pulling in all credit and equity capital (to companies like OpenAI, SpaceX, and Google).
Saylor stated that while billions of dollars are flowing into these companies, $10-20 billion is also leaving the crypto ecosystem and shifting to these popular stocks. However, he added that he believes capital will return to Bitcoin, which has become more valuable, once the AI craze subsides.
Finally, Saylor reiterated his confidence in Bitcoin’s long-term projection, seeing 2026 as a turning point: “2026 is a great year because it’s the year Bitcoin emerges as the agreed-upon global digital capital, and nobody disputes that anymore.”
*This is not investment advice.
