This is the first time Saylor has ever discussed selling bitcoin

"Never sell your bitcoin. Unless..."

Unless it's in the best interest of the shareholders (?)

“We could also sell bitcoin derivatives” Imagine Saylor shorting the bottom, LMAO

How it started:

he sold in ‘22 peak bear some

equating the microstrategy “community” to the bitcoin community is a bit silly

Totally agree. I thought that part was particularly egregious

@fx_422 "Selling Bitcoin is good for the Bitcoin community" Michael Saylir

@karbonbased 😭😭😭

He couldn't have picked a worse slop image to post

Honestly this treasury play was fucking retarded from the beginning he cooked the books and crashed the market in dotcom bust and he’s doing it again now you can financially wizard your way buying assets like this he’s just levering up more slowly and more professionally but the whole thing was stupid from the beginning should’ve made an etf or something there’s no business to sitting on a pile of bitcoin and watching the price move

people seem to forget hes speaking on behalf of strategy as a company, mans got his own bitcoin stash that he'll probably never sell.

Microstrategy holds 650k $btc Saylor holds 17k $btc MSTR holds 38x more $btc than Saylor 3% of the total supply Saylor holds 0.081% of the supply, it's not even the same ballpark… It's a rounding error. This isn't even close.

Wrong

the company has mentioned it before

That is absolutely not true. They sold bitcoin in the last bar market. Anyone who listens to their earnings calls consistently would know this. Anyone who doesn’t listen to earnings calls for any stock that they are talking about should shut up.

Saylor's mentioned it once before in an 8-K from April this year - but this time's a lil spookier bc he's saying it in-person on the earnings call

Several ppl in the replies telling me he's said this before several times. Idk how much is gaslighting. All I ever see are videos of him saying "never sell your bitcoin" and "I'll probably be buying the top forever" So this feels like a change in tone

yeah no it’s 100% a wild switch up for him to start being like “oh yeahhh, well technically we could sell bitcoin if we needed to” after spending the last 4 years calling everyone who ever sold bitcoin a giant retard

There’s been so much FUD surrounding MSTR liquidation that he’s forced to say something to dispel those false rumours. They will never be in a position to have to sell so it’s moot

I'm no genius or business expert. But it sounds like what he's saying is they could offer derivatives rather than actually selling their direct $BTC holdings. And overall that method is better for the broader crypto community. Easily to clip videos / cherry pick talking points, but what it sounds like he's saying is that NO he's not ever selling their BTC.

Doesn’t $MSTR have some kidneys they can sell? How many employees do they have?

bullish

He's discussed selling before - just not *his* bitcoin. The whole playbook is buying corporate treasuries with shareholder money while keeping personal stacks untouched. " Never sell" only applies to one of those.

Not exactly, but it's the first time he has made it this "official"

So they buy btc tops and sell btc bottoms that's great! 🤣🤡🤡

there is no second best until ______________ Below 1x mNAV

Lol no it isn’t

This will be way worse than FTX

But it’s not. Most recent earnings report. On multiple TV interviews.

It is not the first time and it is an hypothetical scenario and mental flexibility. The fact it is an option of many equates to a % of possibility. The % is very small but people still cannot get their head around small vs high likelihood

selling btc derivatives

No its not. He mentioned selling below 1mnav last quarter

"bitcoin derivatives" = digital IOUs that are representations of perceived value of bitcoin and open risk positions, not real bitcoin.

First time for everything. The perfect bear narrative.

don't see why people think this is a bad thing lmao, he's effectively preventing Strategy from ever collapsing and giving a big public announcement to all market makers and anybody trying to hunt his liquidation that it's never gonna happen

No, no it’s not 🤡

Its fucking over Isnt it

Wait I thought “NEVER SELL BITCOIN”

....and here we go: $BTC shorters in disbelief. Their whole thesis just gone with one slide. 🤣 Lmfao

Does this mean we're officially cooked? 😭