- Saylor says he never claimed Strategy would not sell Bitcoin, only that he personally would not.
- Strategy sold 32 BTC worth $2.5M to fund preferred instrument dividends, not due to a change in conviction.
- Bitcoin recovered to around $63,300, as short-term selling pressure appears to be exhausting itself.
Michael Saylor has addressed the controversy surrounding Strategy’s sale of 32 Bitcoins, pushing back against critics who accused him of breaking a personal promise never to sell. He drew a clear line between personal conviction and corporate obligation.
“I said to you never sell your Bitcoin. I never said that the company wouldn’t sell its Bitcoin,” Saylor said. “Anybody that has been listening to our earnings calls or reading our disclosures or has half a brain knows that for the last five years we have been very clear that of course we sell the Bitcoin if we have to.”
He also addressed the social media pressure head-on. Saylor rejected criticism that the sale contradicted his long-standing Bitcoin stance, arguing that Strategy would not jeopardize a multibillion-dollar business simply to satisfy social media expectations.
Why the Sale Spooked Markets
The timing made the move feel more significant than the size warranted. Strategy sold 32 Bitcoin worth approximately $2.5 million at a moment when Bitcoin was already under pressure from geopolitical tensions and sustained ETF outflows.
Saylor is the most prominent corporate Bitcoin advocate in the world. Even a small sale from his company created an outsized psychological impact on a market already looking for reasons to sell.
The sale was executed to fund dividend payments on Strategy’s preferred instruments, a routine balance sheet management decision rather than a strategic shift in Bitcoin conviction.
Where Bitcoin Stands Now
Bitcoin has recovered modestly and is trading near $63,300, up more than 1% on the day. The broader pressure from geopolitical tensions and capital rotation into the SpaceX IPO remains, but short-term selling appears to be exhausting itself at current levels.
Analyst Ali Charts pointed to an on-chain level worth watching for any further weakness. The Investor Price metric, which measures the average acquisition cost of all economically circulating Bitcoin after filtering out permanently lost coins, currently sits at $48,300.
“That level is a key area I am watching for long-term accumulation,” Ali Charts said.
He said that $48,300 represents the level where the average active Bitcoin holder breaks even, historically one of the most reliable long-term support zones in the asset’s history.
Related: Bitcoin’s Next Move Depends on Its Breakout From a Tight Range—Analysts
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