Strategy insists it will never be a net seller of Bitcoin despite financial losses.

Michael Saylor, executive chairman of Strategy (formerly MicroStrategy), clarified that the company will not be a net seller of its Bitcoin holdings despite reporting a $12.54 billion net loss in Q1 2026. Strategy holds 818,334 BTC at an average cost of $75,537 per coin and funds operations through equity and debt, not by liquidating Bitcoin. Saylor emphasized that any Bitcoin sales would be minimal and offset by much larger purchases, maintaining a net buying position. This stance addresses concerns about the company's financial sustainability and counters claims that Strategy operates like a Ponzi scheme. Investors should watch the gap between Bitcoin's market price and Strategy's cost basis, as it is crucial for the company's solvency.