Michael Saylor: ‘We’re Prepared To Sell Bitcoin' - Historic Move Revealed
Speakers
Michael Saylor — Executive Chairman, Strategy
— MicroStrategy executive chairman
Summary
Michael Saylor discusses Strategy's plan to sell Bitcoin to fund STRC dividends, but emphasizes net accumulation of Bitcoin. He highlights digital credit as Bitcoin's killer app and notes that MSTR and corporate bonds are undervalued. Saylor defends the business model against Ponzi accusations and explains the deep liquidity of Bitcoin markets.
- Strategy announced readiness to sell Bitcoin to pay STRC dividends.
- Saylor stresses net accumulation of Bitcoin over time.
- He promotes STRC as a high-Sharpe-ratio digital credit instrument.
- He indicates MSTR is undervalued relative to NAV and company may buy back.
- He notes corporate bonds are cheap and company will buy them.
- He discusses Bitcoin's deep liquidity and macro drivers.
- He highlights digital credit as the killer app for Bitcoin.
Trade Ideas
Net accumulator of Bitcoin forever.
Saylor expects Strategy to be a net accumulator of Bitcoin forever, buying more Bitcoin than it sells, and expects Bitcoin to appreciate roughly 30% per year due to its nature as digital capital outperforming the S&P by 2-3x.
Stock undervalued, company will buy back.
MSTR common stock trades at a big discount to its Bitcoin-backed net asset value (NAV). Strategy is prepared to buy back MSTR when undervalued, which should support the stock price and force fair valuation.
Digital credit with best risk-adjusted return.
STRC (Strategy's preferred stock) is the highest-performing credit instrument with a Sharpe ratio of 2.5-3.0, an 11-12% dividend yield, and superior risk-adjusted returns compared to all other public instruments, driven by Bitcoin as collateral.
Up Next
This The David Lin Report video, published May 09, 2026, features Michael Saylor discussing BTC, MSTR, STRC. 3 trade ideas extracted by AI with direction and confidence scoring.
Speakers: Michael Saylor · Tickers: BTC, MSTR, STRC