Michael Saylor: We'll buy more BTC than we sell

MicroStrategy (MSTR) founder Michael Saylor stated that while the company might sell some Bitcoin to fund dividends for its perpetual preferred stock (STRC), its purchases would far exceed any sales, The Block reported. Speaking on the David Lin YouTube podcast, Saylor explained that for every one BTC sold, the company would acquire 10 to 20 more. He stressed that the principle of not selling Bitcoin implies that any amount spent must be replenished. Saylor described Bitcoin as capital, asserting that one should never be a net seller and must increase holdings each year. This follows MicroStrategy's statement during its earnings call last week, where it indicated it could cover dividends through BTC sales while still growing its overall holdings, even if it halts the sale of its common stock (MSTR).