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Michael Saylor Reveals When They Will Start Selling Bitcoin
Michael Saylor, one of the most influential figures in the cryptocurrency world, spoke at Consensus 2026 in Miami about major changes to Strategy’s Bitcoin strategy and his long-term vision for the future.
Saylor, who has long been known for his “Never sell your Bitcoin” philosophy, stated that the company’s 818,000 BTC are essentially “free.” He explained that refusing to use such massive liquidity would actually reduce the company’s value, since roughly 98% of its valuation is tied to that asset.
“If we say we will never use that liquidity, we reduce the value of the asset. We may sell 20 basis points (0.2%) of our Bitcoin in a month; however, we will most likely buy five or ten times more Bitcoin during that same month.”
Saylor argued that this should not be viewed as “selling,” but rather as a “mechanical operation,” adding that the company’s goal is to acquire 10 new bitcoins for every bitcoin sold.
One of the key highlights of the interview was Saylor’s discussion of “STRECH,” a digital credit instrument developed by Strategy that offers an annual dividend yield of approximately 11.5%. Saylor described Bitcoin as “digital capital” and the new product as “digital credit.”
The well-known executive said the system allows the company to isolate Bitcoin’s volatility while offering “a bank account paying 11–12% interest” for investors seeking lower-risk returns, including retirees and institutional treasury managers.
Saylor also reaffirmed his unwavering confidence in Bitcoin’s future, stating that the company will continue buying BTC regardless of price.
“I will continue buying Bitcoin at all-time highs forever. I’ll be happy buying it at $60,000, $120,000, or even $16 million. The market will determine the price, and we will simply continue accumulating.”
