The strategy is currently making headlines after abandoning its strict policy of never selling Bitcoin, placing 818,334 Bitcoins, or about 4% of the total supply, in actively managed treasury assets. CEO Fung Lee confirmed during an earnings conference call on Tuesday that the company would now consider selling BTC to buy dollars or repay debts, provided the deal is profitable per share of Bitcoin. This move represents a direct departure from the philosophy on which Michael Saylor has built the entire Strategy brand.
“We will sell Bitcoin when it is beneficial for the company.” – @Strategy-CEO @PhongLe pic.twitter.com/yKHeF2Bvuw
– Tristan – Blocktrainer.de 🧡⚡️ (@tristanblcktrnr) May 5, 2026
This investment position was acquired for $61.81 billion at an average cost of $75,500 per coin. Financial pressures resulting from a net loss of $12.5 billion in the first quarter of 2026, driven by the decline in the price of BTC earlier this year, led to this pivot. MSTR shares jumped 3% in after-hours trading immediately following the news.
Will Strategy get rid of its entire inventory? This certainly won’t be the case. But considering selling after asking people to sell their kidneys to keep the change doesn’t seem like a good thing from an advertising standpoint.
Sell a kidney if necessary, but keep the Bitcoin.
-Michael Saylor (@saylor) February 28, 2025
What will happen to Bitcoin if Strategy starts selling?
The 818,334 Bitcoins held by Strategy are worth approximately $61.8 billion based on the average acquisition cost, but at the current spot value of $81,500, this position is valued at approximately $66.8 billion. This number is so huge that a single order book cannot contain it transparently.
Bitcoin purchases worth $500 million to $1 billion by Strategy typically caused spot prices to rise 2% to 4% in the sessions following their revelations. In contrast, the opposite dynamic of a coordinated selling program would be met with low liquidity on the demand side, particularly below the support range between $75,000 and $78,000, where institutional bids are concentrated.
Any significant disposal would certainly take place via over-the-counter (OTC) trading platforms and not via exchange order books. This reduces slippage but does not eliminate the effect on price. A block sale of between 5,000 and 10,000 BTC would represent one of the largest institutional transactions in the history of the current session and would send a strong signal to the market, regardless of execution venue.
Lee’s requirement to sell only when it is beneficial to the value of Bitcoin per share places a restriction on the program. However, market liquidity in the $70,000-$74,000 range is low. If the price of BTC falls below the average cost of business, the calculations related to debt servicing versus holding the currency will fundamentally change.
Far from the news, you can invest in Bitcoin Hyper and keep your kidneys
The current news of the strategy worries retail investors in Bitcoin. People look for asymmetric upside opportunities when the price of BTC remains stuck below $100,000, which provides the security of Bitcoin, is designed to correct its flaws, and does not require selling body parts to buy it.
Project Highlights Bitcoin Hyper ($HYPER) As a destination, it attracts attention. As the first layer 2 of Bitcoin integrated into the Solana Virtual Machine (SVM), it aims to simultaneously address three fundamental limitations of Bitcoin: slow transactions, high fees, and limited programmability.
In short, Hyper offers sub-second transaction finality and low-cost smart contract execution while leveraging Bitcoin’s security model.
The pre-sale stage collected more than $32.5 million The current price of the token is $0.0136With availability of storage (staking) with an annual rate of return 36% APY For the first participants. The price is still cheap and, with this level of funding, there is already tangible institutional and individual interest, but the price is by all accounts still in its early stages. Save your loins and invest in Hyper.