Michael Saylor: I Never Sold Bitcoin, MicroStrategy Did
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Michael Saylor says he has never sold any personal Bitcoin; meanwhile Strategy sold 1,638 BTC for $104.7 million at an average $63,957, cutting holdings to 842,138 BTC as of August 2 and realizing roughly an $11,500 loss per coin versus a $75,419 cost basis. The sale raised Strategy's USD reserve by $250 million to $4.0 billion, retired $81 million of STRC and funded preferred dividends that reached $400.7 million in Q2 (up from $49.1 million a year earlier), underscoring growing dividend obligations, treasury funding pressure and a 10-week pause in net buying that may impact crypto exposure and market sentiment.
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In Brief
- Michael Saylor says he has never sold one Satoshi of his personal Bitcoin.
- Strategy sold 1,638 BTC for $104.7 million, cutting its stack to 842,138.
- The sale funded a preferred dividend bill that hit $400.7 million in Q2.
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.
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