MicroStrategy defends Bitcoin holdings as limited sales spark market concern

MicroStrategy founder Michael Saylor said the company’s updated capital framework is not a signal to sell Bitcoin, but a tool for liquidity management. While the firm can now monetize its Bitcoin reserve under defined conditions, Saylor emphasized that no large‑scale selling has occurred. He noted that MicroStrategy bought 175,000 Bitcoin during the recent bear market and has sold only 32 Bitcoin – about 0.02% of its total holdings – to meet dividend and debt obligations and to preserve credit‑market access.

Saylor argued the small sales are a rational, tax‑efficient step and warned that losing lender confidence could prevent any future Bitcoin purchases. He also highlighted that capital is currently flowing into AI‑related companies, pulling funds from the crypto ecosystem, but expects capital to return to Bitcoin, with 2026 projected as a turning point for the digital asset’s global adoption.