Michael Saylor Indicates Strategy May Divest Bitcoin Holdings in 2026
In a recent statement, Strategy's chairman Michael Saylor outlined the company's objective to optimize Bitcoin holdings per share through 2033.
Michael Saylor, the chairman of Strategy, has indicated that the possibility of the company divesting portions of its Bitcoin holdings could materialize as soon as this year, marking a shift from his previously unwavering "never sell" position.
"I think it's not unlikely that we'll sell some Bitcoin between now and the end of the year," Saylor said during an interview with Natalie Brunell published to YouTube on Friday.
According to Saylor, there is "also likely" a scenario where the company will divest a combination of equity and credit while actively managing its USD reserves and cash positions. "We do it in a very thoughtful programmatic fashion where we're running our multivariate models, and we're literally running them," Saylor said, emphasizing that the company maintains a strategic focus on long-term objectives extending to 2033:
"Ultimately, the way to think of it is seven years out, we would like to have maximized our Bitcoin per share," Saylor said.
He further elaborated that one of the company's key objectives is: "What is it that we should be doing now that's going to maximize and optimize the company's performance so that we've maxed out Bitcoin per share seven years from now."
The stock price of Strategy's (MSTR) concluded Friday's trading session at $159.89, representing a 10.86% decline over the preceding 30-day period, according to Google Finance. This development coincides with Bitcoin (BTC) trading below the average acquisition price that Strategy has paid for its cryptocurrency holdings since initiating purchases in 2020.
Bitcoin is trading lower than Strategy's average purchase price
As of publication time, Bitcoin is trading at $75,958, whereas Strategy has accumulated its 843,768 Bitcoin at an approximate average cost of $75,700 per coin, based on data from Strategy's website and CoinMarketCap.
Throughout the years, Strategy's acquisition announcements have typically been interpreted by the Bitcoin community as positive market indicators, however, given that the company has not previously disclosed any sale transactions, the community's potential reaction to such news remains uncertain.
This statement arrives merely days following Saylor's revelation that he introduced the concept of potentially selling Bitcoin during Strategy's most recent earnings call as a measure to safeguard the asset's long-term viability.
"We own about $65 billion worth of Bitcoin. If the market thought we would never sell it, the credit rating agencies would say, Well then, I guess it's not an asset," Saylor told Scott Melker on The Wolf Of All Streets podcast published to YouTube on May 10.