Strategy (MicroStrategy) Breaks Its 'Never-Sell' Pledge, Sells Bitcoin
4 videos · score: 7,511 · first seen Jun 1, 2026
Michael Saylor's Strategy discloses via SEC 8-K that it sold 32 BTC (~$2.5M) between May 26-31, 2026 to fund preferred-stock dividends, its first Bitcoin sale since founding its treasury strategy. The reversal lands alongside a $12.54 billion Q1 2026 loss and a $1.5 billion convertible-note buyback plan, rattling markets that had relied on the company's 'never sell' doctrine and contributing to a broader Bitcoin selloff.
Bitcoin Is Near A Break Point Nobody Sees Coming
Michael Saylor and Strategy announced on May 5, 2024, that they will sell Bitcoin to fund preferred-stock dividends and retire debt, marking a departure from their long-held 'never-sell' doctrine and potentially undermining institutional support for Bitcoin’s price.
Michael Saylor Sold! Bitcoin Continues the Collapse
Michael Saylor's Strategy sold 32 BTC for dividend obligations, breaking its 'never sell' narrative and coinciding with Bitcoin's drop below $70,000 amid $3.5B in spot Bitcoin ETF outflows and Mt. Gox BTC movements.
The Corporate Meltdown That Could Crush Bitcoin
Strategy (MSTR) reported a $12.54 billion Q1 2026 loss and announced Bitcoin sales to repurchase $1.5 billion in 2029 convertible notes, signaling a breakdown in its 'never-sell' policy and potentially triggering a Bitcoin sell-off that could destabilize the broader market.
What Bitcoin Is Doing Right Now Shouldn't Be Happening
Michael Saylor's recent Bitcoin sale, combined with the collapse of an expected Iran peace deal, has triggered short-term market fear, with the creator's hidden-state model now forecasting a drop to $62,000 in 30 days.