Saylor: Strategy may sell Bitcoin — to buy 10-20x more

Strategy founder Michael Saylor clarified in a May 9 interview with Bonnie Blockchain that any future Bitcoin sales would be tactical, not strategic — the purpose would be to realize capital gains and fund STRC credit dividends, not to exit the position.

Saylor framed the model around real estate development logic: raise capital through credit instruments, acquire the asset, then monetize through a sale or refinancing once it appreciates. The key principle, he said, is to "never be a net seller of Bitcoin." In practice, if Strategy were to sell even one BTC today, it would simultaneously buy 10 to 20 more.

The comments came in direct response to Peter Schiff's recurring "Ponzi scheme" criticism. Saylor's rebuttal was structural: the company's playbook is accretive accumulation, not liquidation — any sale is a rounding error against the buy side of the ledger.