Michael Saylor addressed the backlash over Strategy Inc.’s (NASDAQ:MSTR) 32 Bitcoin (CRYPTO: BTC) sale at BTC Prague Thursday, drawing a clear line between personal advice and corporate treasury management.



<h3>Saylor Says The Advice Was For Individuals, Not Companies</h3>



Saylor confronted the contradiction directly from the Prague stage. 



He acknowledged telling individual investors never to sell their Bitcoin but said that advice was never directed at Strategy as a corporation.



“I said to you, never sell your Bitcoin. I never said that the company wouldn’t sell its Bitcoin,” Saylor said in a video shared on X. 



“Anybody that’s been listening to our earnings calls or reading our disclosures or has half a brain knows for the last five years, we’ve been very clear that of course we sell the Bitcoin if we have to,” he added.



The sale itself barely registers against the size of the position. Strategy sold 32 Bitcoin for $2.5 million against a $62 billion Bitcoin reserve to fund preferred stock dividend obligations.



The company then bought back 1,550 Bitcoin at $65,332 per coin this week, increasing total holdings to 845,256 BTC and raising its USD reserve to $1 billion.



<h3>The Real Test Arrives June 30 When Preferred Dividends Come Due</h3>



Critics remain focused on what happens next rather than what already occurred. The next preferred dividend payment falls on June 30, and investors will watch closely whether Strategy funds it through new capital raises or reaches into its Bitcoin reserve again.



The preferred stock structure carries a permanent 11.5% annual coupon with no natural exit, creating a recurring cash obligation that grows with each new STRC issuance. 



Saylor’s earlier absolutist posts, including urging followers to sell a kidney before parting with Bitcoin, sharpened the criticism once the filing appeared.



<h3>MSTR Holding Long-Term Trendline But Death Cross Still Active</h3>



<div id="bz-embed-widget-block_a47035520296ec322a73756d2761f91c">

 

</div>


MSTR closed up 4.16% to $120.15 Thursday and holds modest premarket gains Friday, sitting directly below long-term rising trendline from February’s lows. 



However the death cross from October 2025 remains active with the 20-day SMA at $147.65, 50-day SMA at $154.77, and 200-day SMA at $197.34 all stacked bearishly overhead.



Key support sits at $118.50. MACD remains below its signal line with a negative histogram, meaning momentum is fading rather than rebuilding. 



Reclaiming the 20-day SMA at $147.65 is the minimum requirement to shift the short-term trend.



Image: Shutterstock

MSTR

GBTC

STRD

Michael Saylor clarified that his advice to 'never sell Bitcoin' applies to individuals, not Strategy Inc., which sold 32 BTC for $2.5M to cover preferred stock dividends. Despite the sale, MSTR repurchased 1,550 BTC, boosting holdings to 845,256 BTC. Investors now focus on the June 30 dividend payment and whether the company will raise capital or liquidate more assets. MSTR stock rose 4.16% to $120.15, though technical indicators remain bearish.

benzinga_article

Strategy

Grayscale Bitcoin Trust BTC - ETF

MicroStrategy Pref Shares MSTR 10.0 Perp

MicroStrategy Pref Shares MSTR 8.0 Perp

Microstrategy Inc Pref Shares STRC 9.0 Perp

Fidelity Wise Origin Bitcoin Fund - ETF

Roundhill MSTR WeeklyPay ETF

Leverage Shares 2x Cpd Acclrtd MSTRMnETF

Defiance Daily Target 2X Short MSTR ETF

YieldMax MSTR Short Opt Inc Stgy ETF

Daily Target 2X Long MSTR ETF

GraniteShares 2x Long MSTR Daily ETF

T-REX 2X Long MSTR Daily Target ETF

Defiance Leveraged Long + Inc MSTR ETF

iShares Bitcoin Trust ETF

ARK 21Shares Bitcoin ETF

Bitwise Bitcoin ETF

T-REX 2X Inverse MSTR Daily Target ETF

ProShares Bitcoin Strategy ETF

CoinShares Bitcoin ETF

Invesco Galaxy Bitcoin ETF

WisdomTree Bitcoin Fund

VanEck Bitcoin ETF

Franklin Bitcoin ETF

ETC Holdings Ltd. (Guernsey)

BOS HSK BTC

CAM BTC

MBC BTC

Bitwise MSTR Option Income Strategy ETF

GraniteShares 2x Short MSTR Daily ETF

YieldMax MSTR Perf & Dis Trgt 25 ETF

YieldMax MSTR Option Income Strategy ETF

GraniteShares YieldBoost MSTR ETF

XL2CSOPMSTR

XI2CSOPMSTR

Michael Saylor Fires Back: 'I Never Said The Company Wouldn't Sell Its Bitcoin'