Strategy Might Dump Some BTC to Settle Debts, SEC Filing Reveals

A new SEC report shows that Strategy may sell off part of its Bitcoin stack to deal with debt. The twist? Michael Saylor once swore the company would never sell, no matter what. But with debt looming, even maximalist positions might bend.

Once the loudest voice of the Bitcoin “never sell” doctrine, Michael Saylor inspired a generation of crypto investors. But as Strategy’s latest SEC filing reveals, the harsh math of financial risk still applies. If economic conditions deteriorate sharply, the company could be compelled to liquidate assets—even at a loss.

Strategy’s current Bitcoin holdings stand at 528,185 BTC, worth around $42 billion, with an average purchase price of $67,458.

From “Diamond Hands” to the Fine Print of Reality?

While some critics rushed to interpret this as a reversal, the fine print tells a different story. This clause is boilerplate—standard legal language meant to flag potential risks, not to signal intent. It’s about regulatory transparency, not capitulation.

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This kind of legal phrasing is a protective measure—standard among corporations looking to preempt litigation and stay within the boundaries of regulatory expectations. According to legal analysts, it’s not a roadmap for selling BTC, but a contingency for extreme scenarios.

That said, Strategy isn’t backing away from Bitcoin. In fact, it recently added $1.92 billion in BTC to its reserves, funded by issuing preferred shares with dividend payouts and no voting rights. But even with a strong ideological position, mounting volatility and legal pressure could force a strategic recalibration—one that may impact both shareholder confidence and Bitcoin’s market dynamics.