Saylor Reaffirms Net BTC Accumulation as Mow Defends Strategy Sales Optionality

Michael Saylor reaffirmed Strategy's commitment to buy more Bitcoin than it sells on May 7, following the firm's Q1 report revealing a $12.54B net loss from $14.46B unrealized markdowns on its 818,334 BTC holdings (avg. cost $75,537), which sparked talk of tactical sales to fund $1.5B annual dividends/debt. The May 6 announcement caused MSTR shares to drop 4%+ after-hours and BTC to dip below $81K, but price resilience held above $81K buoyed by May 5's 270K BTC whale buys, $1.16B ETF inflows, and 6x institutional demand vs. issuance. Samson Mow defended the sales flexibility on May 7, arguing it enhances corporate optionality amid BTC trading near $82K.