Strategy CEO Phong Le says the company may sell Bitcoin under specific conditions.

Strategy CEO Phong Le has acknowledged that the company could sell its Bitcoin holdings under specific, undisclosed conditions — a notable departure from the firm's long-standing "never sell" posture that has underpinned its identity as the largest corporate BTC holder.

The statement is significant because Strategy's accumulation strategy has been a key pillar of institutional confidence in Bitcoin as a corporate treasury asset. Any signal that the position is not unconditional introduces a new variable for the market to price. The conditions Le referenced were not detailed publicly, but the admission alone is enough to shift the narrative around the firm's commitment to its holdings.