2026-8-2 12:44 |
Michael Saylor says the $5 billion Bitcoin sale story that tore across X (Twitter) this weekend was never news at all. Every dollar of it, he says, was made public a month ago.
The claim spread fast. MicroStrategy (now Strategy) had just won approval to sell up to $5 billion in Bitcoin (BTC), the posts said. Saylor called it old news in a new wrapper.
Where the $5 Billion Number Came FromMicroStrategy announced a new capital plan on June 29, 2026. Inside it sits a BTC Monetization Program. The program lets the company sell Bitcoin. It never makes it.
The plan set four spending limits.
$1.25 billion to rebuild its cash reserve $1 billion to buy back preferred shares $1 billion to buy back common stock About $1.76 billion a year in dividend and interest billsAdd them up and you get $5.01 billion. That is the viral number. It went public five weeks ago.
Why did the cash reserve need rebuilding? It had shrunk to $871 million by May 25. MicroStrategy had just spent $1.38 billion of cash clearing debt.
BeInCrypto covered the shift toward active management when the plan landed.
The Never Sell Rule That Never ExistedSo why did anyone think MicroStrategy would never sell?
Because Saylor said so. He posted “Never sell your Bitcoin” in February 2025. Followers treated the line as law.
Never sell your Bitcoin.
— Michael Saylor (@saylor) February 2, 2025The company had already moved on. Chief Executive Phong Le said on May 26 that selling Bitcoin was part of the toolkit. He said investors heard it on the first quarter earnings call.
That was five weeks before June 29. MicroStrategy’s first sale since 2022 came days later, to cover a dividend.
Saylor now separates his own advice from company policy.
Old news presented as new. Strategy announced this authorization on June 29 as part of its capital-management framework. It permits, but does not require, BTC sales for stated purposes. No new authorization was announced, and we expect to remain a net buyer of Bitcoin over time.
— Michael Saylor (@saylor) August 1, 2026Follow us on X to get the latest news as it happens
We have never had a “never sell” policy. The program does not require any BTC sale, and we expect to remain a net buyer of Bitcoin over time.
Watcher Guru, the account behind the viral post, has since deleted it.
What the Numbers Actually ShowTiming is the whole fight. MicroStrategy reported an $8.22 billion loss on July 30. Almost all of it was on paper. Bitcoin fell, so the value of its stack fell too.
Calling a June decision a reaction to a July loss gets the order backwards.
The trading says plenty. MicroStrategy bought 85,296 Bitcoin between April and June. It sold 1,395. That is 61 bought for every one sold. The stack still grew 11% to 846,000 BTC.
Sales this year hit $218.4 million by July 26. All of it paid dividends. That is 0.4% of a stack worth $54.8 billion.
Selling is picking up, though. Roughly $135 million of that came in July alone. That beats the whole second quarter. MicroStrategy has also paused its Bitcoin purchases for five weeks.
Bitcoin traded near $63,378 on Sunday, about half its October record. Staying a net buyer now rests on cheap money, not belief.
Bitcoin Price Performance. Source: BeInCryptoThe post Michael Saylor Shuts Down Viral $5 Billion MicroStrategy Bitcoin Sale Claims appeared first on BeInCrypto.
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