erbskii

The conference finals are set 🔒 One of these teams will lift up the Larry O'Brien trophy 🏆

For 5 years Michael Saylor told the world he would never sell Bitcoin. Last night that changed. On Strategy’s Q1 2026 earnings call, Saylor admitted his company will probably start selling. This is the complete opposite of what he has been preaching since 2020. Strategy holds 818,334 Bitcoin at an average cost of $75,537 per coin. That’s $61.8 billion deployed into Bitcoin since August 2020. Nearly 6 years of relentless buying. Bitcoin is now around $81,000. Their entire stack is up around 7% in almost 6 years. That’s roughly 1% per year. The S&P 500 returns about 10% per year on average. Bitcoin itself is up 700%+ over the same period. Strategy bought Bitcoin the entire way up and still barely broke even. This is what happens when you buy aggressively at every price with no discipline. You drag your average cost higher and higher until you have no margin of safety left. And now they have a real problem: Strategy issued a preferred stock called STRC that pays an 11.5% annual dividend. That’s $1.5 billion in dividend obligations they have to fund every year, no matter what Bitcoin does. So when Bitcoin dropped from $87K to $68K in Q1, Strategy posted a $12.5 billion net loss. The largest in the company’s history. Now Saylor has to sell the very thing he built his entire brand on never selling, just to pay dividends on a financial product his own company created. When we start buying BTC again, we will share it here. Turn on post notifications so you don’t miss our alerts, this is VERY important. A lot of people will wish they followed us sooner.