Strategy Inc. (NASDAQ:MSTR) Executive Chairman Michael Saylor defended his long-standing “Never Sell Your Bitcoin” mantra after renewed debate over the company’s ability to sell Bitcoin (CRYPTO: BTC) to manage capital.

Conviction In BTC Remains Unchanged

Saylor on Monday clarified that his personal investment philosophy differs from Strategy’s corporate treasury management.

“When I say ‘Never Sell Your Bitcoin,’ I speak as one saver to another,” Saylor said on X. “I have never sold mine. Not one satoshi.”

He noted that Strategy, as a publicly traded company, has disclosed since 2020 that it may buy or sell Bitcoin as part of capital management.

“Our shared conviction in Bitcoin remains unchanged,” Saylor added.

His comments came after Strategy CEO Phong Le reiterated that the company’s objective is not simply to hold Bitcoin but to increase Bitcoin per share over time.

Le highlighted that Strategy has outperformed Bitcoin across every four-year holding period since adopting the asset in August 2020.

Crypto Community’s Mixed Reactions

Saylor’s clarification sparked mixed reactions across the crypto community.

Trader Crypto Patel said holding through volatility is “much harder to do” than simply talking about it, adding that long-term consistency is what matters.

Crypto analyst Elja argued that Saylor’s conviction would inevitably face scrutiny before being rewarded.

Another trader, Quinten, said the market largely understands the distinction between Saylor’s personal holdings and Strategy’s corporate treasury but warned that selling Bitcoin could undermine the company’s identity.

“I think everyone understands this,” Quinten wrote. “But your whole personal brand is built around buying Bitcoin.”

Bitcoin-focused media account Bitcoin Archive also backed Saylor, saying most BTC investors already recognize the difference between his personal holdings and Strategy’s balance sheet.

Meanwhile, trader Evanss66 argued that actively managing Bitcoin exposure through spot holdings, perpetual futures and options could enhance returns during market cycles, suggesting treasury management should not be viewed negatively.

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