The man who said “I will never sell Bitcoin” sold 3,588 BTC.


【Plain Language Guide】Michael Saylor spent five years turning MicroStrategy into the largest corporate holder of Bitcoin, accumulating 843,000 BTC (4% of the total supply). However, in early July 2026, he broke his “absolute never sell” pledge, selling 3,588 bitcoins in batches, cashing out $216 million to pay large preferred stock dividends.
After Bitcoin fell below $60,000, the highly leveraged capital structure failed: funding channels were blocked, mNAV fell below the red line, and the pressure from perpetual preferred stock dividends forced the company to sell off for the first time. This marks a turning point in Saylor’s aggressive playbook and introduces a new two-way liquidity risk to the Bitcoin market.
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