Saylor Breaks ‘Never Sell’ Narrative With Shock Bitcoin Exit Remark

It marks a sharp turn from the stance he held as recently as February, when he told CNBC that Strategy would “buy Bitcoin every quarter forever.”

At the time, he also said the company could weather a price drop to as low as $8,000 without being forced to sell any of its holdings to cover debt.

The market reacted swiftly — shares of MSTR fell 4.33% in after-hours trading, closing at $178.80.

Still, Saylor remains focused on the long game. Strategy has been funding its Bitcoin purchases through dividend-paying preferred stock offerings, including one called Stretch, ticker STRC.

Reports indicate that Stretch carries an 11% monthly dividend and has helped finance much of the 145,834 Bitcoin the company acquired this year alone.

Saylor said he wants Stretch to become the largest credit instrument in the world, arguing that growth in assets under management will attract more liquidity and broader adoption.

Several Bitcoin-focused decentralized finance protocols — including Pendle and Saturn — have already begun tokenizing Stretch’s dividends, allowing them to be traded on the open market.

Saylor is also eyeing a new frontier: Bitcoin-backed digital yield accounts offered through neobanks. He said he expects these accounts could offer returns of up to 8%, which he argued would outpace most stablecoin offerings.

According to Saylor, roughly three dozen initiatives in the Bitcoin credit space have emerged in the past two to three months alone.

Featured image from Shutterstock, chart from TradingView