Strategy CEO Says Bitcoin Sales Will Happen Only Under Specific Conditions

Strategy Outlines Limited Cases for Selling Bitcoin Holdings

Strategy CEO Phong Le has clarified the company’s position on selling Bitcoin, saying the firm will only offload a portion of its holdings under carefully defined circumstances. The statement comes after investor concerns grew following comments from Strategy co-founder Michael Saylor about potential future Bitcoin sales.

According to Le, the company may sell Bitcoin to cover dividend obligations tied to its Series A Perpetual Stretch Preferred Stock (STRC), which currently offers an 11.5% yield to investors. Bitcoin could also be sold for tax-related reasons, including deferring or offsetting liabilities.

Le emphasized that any decision to sell Bitcoin would depend on whether it benefits shareholders and improves the company’s Bitcoin per share position.

Michael Saylor Says Small BTC Sales Could Calm Markets

Earlier this week, Michael Saylor suggested Strategy might occasionally sell small amounts of Bitcoin to fund dividend payments and normalize the idea for investors. He argued that limited sales could help reassure markets rather than create panic.

Saylor also said the company may avoid issuing additional stock if Bitcoin continues appreciating at a rate above 2.3% annually, allowing dividend payments to be supported through Bitcoin gains.

Strategy Holds More Than 818,000 Bitcoin

Strategy remains the largest publicly traded corporate holder of Bitcoin, with 818,334 BTC valued at over $66 billion. The company controls more than 4% of Bitcoin’s total maximum supply, making its treasury strategy closely watched by investors.

Despite concerns about market impact, Le argued that Strategy’s potential Bitcoin sales would be too small to significantly affect prices. He pointed to Bitcoin’s roughly $60 billion in daily trading volume, saying it could easily absorb annual dividend-related sales estimated at just over $1 billion.