Strategy’s co-founder, Michael Saylor, has clarified that his company’s plan to sell up to $5 billion of Bitcoin was what they authorized under the previously announced BTC monetization program. This follows reports today that the Bitcoin treasury firm had authorized a BTC sale of up to $5 billion after it posted a quarterly loss of $8.22 billion in the second quarter of this year.
Michael Saylor Clarifies Strategy’s Authorization of Up to $5B BTC Sale
In an X post, Saylor noted that they announced their BTC Monetization Program in June before their Q2 results and not after posting a loss. He added that they never had a “never sell” policy and that the program does not require them to sell any Bitcoin.
Correction: Strategy announced its BTC Monetization Program on June 29—31 days before our Q2 results, not after posting a loss. We have never had a “never sell” policy. The program does not require any BTC sale, and we expect to remain a net buyer of Bitcoin over time.
— Michael Saylor (@saylor) August 1, 2026
“We have never had a “never sell” policy. The program does not require any BTC sale, and we expect to remain a net buyer of Bitcoin over time,” the Strategy co-founder said. This followed a claim that his company authorized up to $5 billion in BTC sales after posting an $8.22 billion loss in the second quarter of the year.
As CoinGape reported, Strategy also missed earnings estimates in the second quarter, with the company recording revenue of $122 million, below estimates of $124.48 million. The Bitcoin treasury firm’s EPS were -$24.45, well below estimates of $3.07.
Meanwhile, Saylor’s clarification comes as the Bitcoin treasury firm has paused its conventional weekly BTC purchases for five consecutive weeks. During this period, they have focused on building their USD reserve and also buying back the STRC stock.
Pause On Bitcoin Purchases Likely To Continue
Crypto traders are betting that Strategy did not buy any Bitcoin last week and has continued its pause on buying BTC weekly. Data from the top crypto prediction platform Polymarket shows only a 21% chance that the Bitcoin treasury firm will announce another BTC purchase by Monday.
Strategy currently holds 843,775 BTC that was purchased for a total of $63.69 billion, averaging $75,476 per BTC. Notably, earlier this year, crypto traders favored the Bitcoin treasury company holding up to 1 million BTC by the end of the year.
However, these traders are now betting against that happening, as the company has paused its BTC buys and sold some BTC this year. Polymarket data shows only a 10% chance that they will announce holding 1 million BTC or more by the end of this year.