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Saylor changes tune on selling Bitcoin 🎶

Saylor changes tune on selling Bitcoin 🎶

Bitcoin treasury firm Strategy has resumed its BTC buys—but its chair Michael Saylor has shifted his stance on selling the digital asset to "never be a net seller."

Stephen Graves
May 11, 2026

📝 What you need to know

Bitcoin treasury firm Strategy has resumed its BTC buys after last week’s pause, following a shift in its stance from “never sell” to “never be a net seller.”

Last week saw Strategy chairman Michael Saylor acknowledge that the firm could offload a portion of its BTC holdings to fund dividends, with Saylor subsequently indicating that Strategy would buy 30 BTC for every one sold. Strategy CEO Phong Le reinforced the position on Friday, arguing that, “At the point where selling Bitcoin versus selling equity to pay a dividend is better for our Bitcoin-per-share, we will do it.”

While market observers remain sanguine over the likely impact of Strategy selling BTC, the pivot is widely seen as laying the groundwork for a potential sale—users of prediction market Myriad, owned by Decrypt’s parent company Dastan, have flipped positive on the question of the firm selling BTC before year’s-end.

Strategy Resumes Bitcoin Buys as Saylor Shifts Focus to 'Never Be a Net Seller'

The treasury firm resumed Bitcoin buys after last week's pause, with Michael Saylor saying that Strategy would buy 30 BTC for every one sold.

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📊 Myriad Insight of the Day

Will Strategy (MSTR) sell any BTC by end of 2026?

YES 84%

16% NO

Why it matters

Strategy resumed Bitcoin buys this week with a 535 BTC purchase, but the bigger story is chair Michael Saylor's pivot to "never be a net seller"—the framing explicitly permits some BTC sales to fund STRC dividends, with Saylor arguing that the firm would buy 30 BTC for every coin sold. Strategy CEO Phong Le has framed the shift as accretion over ideology. But Myriad traders see the pivot as paving the way for BTC sales—the market on whether Strategy will sell BTC in 2026 flipped positive and jumped more than 60 points in a week, with seven months still on the clock.

Source: Strategy Resumes Bitcoin Buys as Saylor Shifts Focus to 'Never Be a Net Seller' (Decrypt)

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