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‘I Never Said the Company Wouldn’t Sell’: Michael Saylor Fires Back After Bitcoin Drop
Jun 12, 2026
< 1 min read
by Chayanika Deka
for CryptoPotato
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MicroStrategy disclosed on June 1 that it sold 32 BTC between May 26 and May 31 for about $2.5 million, and Bitcoin subsequently fell nearly 15% while MSTR stock lost 24% over the same period. Chairman Michael Saylor defended the sale amid criticism, raising questions about treasury management, institutional adoption and market impact for crypto investors.
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Bitcoin (BTC) has fallen nearly 15% since Strategy disclosed on June 1 that it sold 32 BTC between May 26 and May 31 for about $2.5 million. MSTR stock, on the other hand, has lost 24% of its value during the same period.
But the company chairman, Michael Saylor, has now defended the sale and pushed back against criticism.
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