Saylor says Strategy may sell BTC from its $65B stack to prove Bitcoin remains a usable asset

Michael Saylor told Scott Melker that Strategy needs the market to know it can tap its Bitcoin if required, arguing a hard "never sell" posture would make credit raters question whether the $65B stack is really an asset. Strategy now holds 818,869 BTC at a $75,540 average cost, and Saylor said ignoring $20B to $100B of BTC liquidity would impair the asset that 98% of the company is built on. The comments extend his post-earnings-call shift from "never sell" to "buy more Bitcoin than you sell," after he floated selling BTC to fund dividends and calm panic around Strategy's capital structure.

TLDR by @Benthic

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