Will Saylor sell his Bitcoin?

There has been a lot of controversy on social media regarding the possibility of Saylor and MicroStrategy selling Bitcoin.

Matt Hogan believes that Michael Saylor and the company “MicroStrategy” (or its new name, Strategy) will not sell the large amount of Bitcoin held by the company.

The controversy arose amid concerns that the company’s shares could be removed from the Morgan Stanley Capital International (MSCI) index, which could push the share price below its net asset value (NAV).

But Hogan emphasized that there is no mechanism to force companies to sell Bitcoin simply because their stocks have fallen.

MSCI is currently considering excluding companies with more than 50% of total assets in digital assets, a criterion that fully applies to “strategies” where Bitcoin accounts for approximately 99% of its value.

The consultation period will end at the end of the year and the decision will be announced on January 15, with possible implementation in February.

Thaler previously explained that the company was in communication with MSCI to defend its right to be included in the index.

Financially, “Strategy” has about $1.4 billion in cash, enough to pay interest on its debt for a year and a half, and the first debt transfer maturity will not occur before February 2027, with a value of only $1 billion, while the company holds about $60 billion in Bitcoin, which means there is no pressure to sell immediately.

Thaler controls 42% of the voting rights and is known for his strict adherence to a “long-term retention” strategy.

Even during previous periods of falling stock prices, he refrained from selling.

However, CEO Fong Lee recently stated that selling Bitcoin may only be a last resort if mNAV falls below 1x and the company is no longer able to raise new capital through equity or debt.

As of December 2025, Strategy is the largest institution holding Bitcoin, holding approximately 650,000 BTC.

Also read:

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