Saylor Reveals What Will Happen if Strategy Sells Bitcoin

Strategy co-founder Michael Saylor has been the loudest advocate for holding Bitcoin indefinitely (to the point where he has essentially become the face of the ultimate HODL philosophy). Yet, during a recent earnings call, Saylor revealed that the company is ready to do the unthinkable: sell portions of its massive Bitcoin treasury. Now, Saylor is setting the record straight in a new interview, claiming that the company will still end up buying way more Bitcoin if it sells some. Saylor recently acknowledged his own role in creating the hysteria. "I'm very famous for saying never sell your Bitcoin," Saylor admitted. "And that's why the internet went crazy when we said we might sell it." He has admitted that his famous "never sell" mantra actually clashes with strict corporate governance policy. "If I were being more precise, I'd say never be a net seller of Bitcoin," he explained. "It just wouldn't have been so viral or so catchy to say never be a net seller of Bitcoin." "Even if we were to sell one Bitcoin, we'd be buying 10 to 20 more Bitcoin," Saylor noted. "So, you're really talking about a situation where we buy 10 Bitcoin, sell one Bitcoin, buy nine net Bitcoin, and continue to create Bitcoin." Saylor has compared Strategy’s actions to a traditional tech giant reinvesting in its infrastructure. "If Google spent a billion dollars to invest in data centers so that they could make 10 billion... it wouldn't crash the dollar market. Oh, they spent a billion dollars to invest in their business. That's fine, right? And so it would be fine for Google. It's a rational thing to do. Sometimes you spend money to make more money."