Michael Saylor Addresses Bitcoin Sales Amid Company's Third Sale This Year
Billionaire Michael Saylor, CEO of MicroStrategy (Nasdaq: MSTR), has addressed recent criticism over the company’s Bitcoin sales. Between July 27 and August 2, MicroStrategy sold 1,638 BTC for $104.73 million — marking its third sale this year amid a struggling crypto market. The firm previously paused Bitcoin acquisitions until mid-July but remains the largest corporate holder of Bitcoin with approximately 843,138 BTC on its balance sheet. Saylor clarified that his long-standing 'never sell your Bitcoin' philosophy applied to individual investors and not public companies like MicroStrategy, which may need to manage capital. He emphasized he personally has never sold any of his own Bitcoin holdings. Despite the sales, Saylor reaffirmed his conviction in Bitcoin's value during a recent social media post. MicroStrategy reported significant losses for Q2 2026 due largely to an $8.32 billion unrealized loss on its Bitcoin portfolio. The company posted a net loss of $8.22 billion and a diluted loss per share of $24.45, far exceeding expectations.
