Michael Saylor tries to explain recent Bitcoin sale (which started a crash)

The recent Bitcoin crash was triggered by the sale of about 32 Bitcoins by Strategy, still the largest Bitcoin holder among companies. However, during a crypto conference this weekend, Michael Saylor claimed that he meant investors should not sell their Bitcoin, not that his company should not do so.

The internet reacted quickly.

Crash

The crypto crash of the first two weeks of May was caused by the sale of a minimal number of Bitcoins by Strategy, which likely did so to maintain its S&P rating. That seems somewhat logical, but since investors interpreted this as a turnaround by Strategy, they subsequently began selling their Bitcoins themselves, leading to a price drop from $75,000 to $59,000. Investors interpreted the transaction as a symbolic break with Strategy’s long-held belief that Bitcoin never needs to be sold.

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Michael Saylor, chairman and founder of Strategy, meanwhile claims that he never said his company would not sell Bitcoins, only that he had advised investors not to sell their Bitcoins.

People went crazy when Strategyᴮ sold 32 BTC.

But Saylor had already told you the rule:

“Never be a net seller of Bitcoin.”

The next week, Strategy bought 1,550 BTC.

Same thing happened in 2022: they sold 704 BTC, then bought back 810 BTC two days later.

Net result: more… pic.twitter.com/C32OXXx2On

— Alex 👽 (@AlexesNakamoto) June 10, 2026

The internet responded promptly and uploaded multiple videos in which Saylor stated that his company would never ever sell their Bitcoins.