Saylor: Strategy ‘Not Unlikely’ to Sell Bitcoin in 2026

Michael Saylor now states it is “not unlikely” Strategy will sell Bitcoin this year, marking the latest evolution from its initial “never sell” stance. The shift began after the firm posted a $12.54 billion Q1 2026 net loss on its 818,334 BTC holdings. Saylor subsequently reframed sales as tactical tools, pledging to buy 10–20 BTC for every one sold while using proceeds to fund STRC dividends when more accretive than equity issuance. Recent comments emphasize liquidity management to preserve Bitcoin’s collateral value, with holdings now at 843,768 BTC and STRC approaching its $28.3 billion cap. TD Cowen raised its price target to $400 citing continued accumulation momentum.