Did Saylor finally figure it out? Going to sell Bitcoin?

$12.5 billion in losses, holding 818,000 BTC, with an average cost of $75,537.
Then Saylor said a sentence that shattered all Bitcoin believers:
“I might sell a little Bitcoin to pay dividends.”
After-hours, the stock price fell 3%, and BTC broke below 81,000.
Do you also think: It’s over— even the last “bìxià” is collapsing?
Saylor back then: Bitcoin is his only “exit strategy.”
In the past few years, Saylor has turned himself into a meme:
“Only buy, never sell— even if you die, never sell.”
MSTR is just a leveraged coin-hoarding machine: borrow money → buy coins → the stock price rises with BTC → borrow again → buy more coins.
This logic is unbeatable in a bull market.
But the problem is: the money you owe is earning interest every minute, every second.
Saylor used to be able to pretend he couldn’t see it.
But this time, the financial report tells him a cold, hard number:
- $1.5 billion a year from interest + preferred stock dividends
- The company’s cash + reserves can only cover 18 months
After 18 months, what then?
Either BTC goes to the moon, or… you have to learn how to “sell.”
- 18-month dividend coverage period
- $1.5 billion annual obligations
- 818,000 BTC holdings
Even if BTC drops to $50,000, he can still hold for a year and a half.
What if BTC rallies back to $100,000?
He can cover three to five years.
Saylor isn’t doing a dance on the edge of a cliff.
He’s tightening his own safety harness.
A 3% drop in the stock price isn’t because MSTR is going to die.
It’s because the faith fanatics can’t take it anymore:
“You’re no longer that ‘never-sell’ Saylor.”
But they forgot:
The premise of never selling is that you don’t have to repay the money.
In the short term, the market is punishing the “narrative collapse.”
In the long term, if Saylor can prove:
“I sell 1 BTC and generate value worth 1.5 BTC,”
then MSTR is no longer a leveraged ETF,
but a real Bitcoin bank.
By then, it won’t be a 3% drop—
it’ll be a 300% revaluation.
$BTC ‌#Gate广场五月交易分享