In a BlockBeats report on May 6th, Strategy founder Michael Saylor broke his "Never sell" stance for the first time, stating during the live Q1 2026 earnings call that the company might sell some of its Bitcoin holdings to pay dividends. He said, "We might sell some Bitcoin to pay dividends, with the goal of desensitizing the market and signaling that we have indeed done so."

Michael Saylor has long publicly advocated "Never sell your Bitcoin," repeatedly emphasized on CNBC, Bloomberg, and X, and even pledged to donate his Bitcoin to Bitcoin-supporting organizations after his death. To date, Strategy's treasury has never sold a single Bitcoin, which has been the public's perception of the commitment baseline.

In the 10-K filing submitted to the SEC in April 2025, there was a risk disclosure stating that without new financing, the company may be forced to sell Bitcoin to cover financial obligations. This led to speculation that Michael Saylor was about to sell, but Saylor immediately denied this, calling the scenario "highly unlikely." In a February 2026 interview, he once again dismissed the forced selling speculation as "baseless."

In the financial report, Strategy's disclosure has always retained the right to "forced selling of Bitcoin." Towards the end of the report, Strategy wrote, "It should be noted that if future convertible debt is not converted into equity upon maturity, the company may be required to sell Bitcoin or common stock to repay the debt, not out of a desire to actively seek profit-taking."