Michael Saylor reassures that Strategy will not sell its bitcoins, despite rumors

As the crypto market falters and investors hold their breath, each speech from an industry leader becomes a decisive signal. Michael Saylor, co-founder and executive chairman of Strategy, re-emerges at the center of the game at a critical time. As rumors of bitcoin sales spread, he responds bluntly. Between prolonged drop in price, loss-making results and stock market tension, his declaration sounds like an act of faith, or a risky bet, to defend a strategy that has become emblematic.

Saylor Reaffirms Absolute Commitment to Bitcoin

In a series of statements, Michael Saylor dismissed fears of an upcoming sale of Strategy's bitcoin holdings as the market tumbles into extreme fear.

“Concerns that Strategy will sell its bitcoins are unfounded”did he asserted. To strengthen this position, he indicated that the company has sufficient liquidity to cover its operating expenses, including dividend payments and debt service, for a period of up to two and a half years. He even specifies that in the event of the price falling to $8,000, Strategy plans to “refinance debt” rather than selling your cryptos.

Saylor also reiterated that the company will continue its accumulation strategy, regardless of market conditions. “We will buy bitcoin every quarter, forever”he said. This statement is part of a long-term vision which is based on a deep conviction, because bitcoin constitutes, according to him, a superior store of value.

To support its position, Saylor puts forward several operational and financial arguments:

• Strategy would have enough cash to avoid any sale of BTC in the short or medium term;
• The company believes it can cover its debt and dividend obligations without liquidating its cryptos;
• In the event of an extreme market decline, refinancing is preferred to a sale, including with a BTC at $8,000;
• The quarterly bitcoin purchase policy remains unchanged, regardless of market conditions.

Through this speech, Michael Saylor seeks to reaffirm the stability of the strategy deployed for several years, while countering the concerns expressed by some analysts in the face of persistent downward pressure on the market.

Massive losses and growing market skepticism

Beyond the declarations of principle, the financial reality of Strategy turns out to be more delicate. The latest quarterly report shows a net loss of $12.4 billion in the fourth quarter of 2025, a figure directly linked to the drop in price, valued well below the average cost of acquiring the company's cryptos.

With more than 714,000 BTC in its portfolio, purchased on average around $76,000 per unit, the company today displays considerable latent losses on paper. Strategy (MSTR) stock has fallen more than 70% from its highs while short-seller interest in the stock has surged, reflecting a loss of market confidence in the company's ability to maintain this strategy smoothly.

This situation makes external financing prospects more complex. The sharp discount of the stock compared to the theoretical value of the bitcoins held reduces the company's room for maneuver, particularly if it wishes to issue new shares or raise funds without significantly diluting existing shareholders.

The enthusiasm displayed by Saylor thus contrasts with the signals sent by the market, which seems to anticipate possible difficulties if the price of Bitcoin does not rebound sustainably. Thus, Strategy is currently going through a period where its accumulation policy could be perceived as a risky bet.