Michael Saylor on actively selling BTC: Strategy is like a BTC development company that can buy low and sell high

Golden Finance reports that on May 6, Strategy’s latest report shows that Strategy is shifting from passive Bitcoin accumulation to actively managing its balance sheet to increase the value per share of Bitcoin. This move may break the previous strategy of Strategy founder Michael Saylor, who vowed “never to sell” BTC.
At the earnings call on May 5, Michael Saylor compared Strategy to a real estate development company, saying, “If you buy land at $10k per acre and sell it at $100k per acre, then use the profits to buy more land… or if you sell land at $100k per acre to pay the interest on your debt used to buy more land, no one would say this is bad for real estate prices, nor would anyone say this proves the business model doesn’t work. The essence of a real estate development company is buying land at low prices and selling at high prices. Strategy is like a Bitcoin development company.”
Strategy President and CEO Phong Le also stated at the earnings call, “If we sell Bitcoin to get USD, or sell Bitcoin to obtain debt, and doing so can increase the number of Bitcoins per share, then we will consider doing so in the future.”
As of the end of Q1 2026, Strategy holds 818,334 Bitcoins worth $61.81 billion, with an average purchase cost of about $75,500 per Bitcoin. This accounts for approximately 4% of the total Bitcoin supply. So far in 2026, the company has purchased about 63,000 Bitcoins.