Strategy prepares to sell up to $1.25 billion of Bitcoin

Jun 29, 2026 1:29 PM

Michael Saylor’s MicroStrategy is officially abandoning its "never sell" mantra. By filing to sell up to $1.25 billion in Bitcoin to fund dividends and interest, the company is admitting its aggressive funding model is failing. With its market premium evaporated and mNAV falling below 1, the ultimate Bitcoin bull is now a source of selling pressure. Is the Saylor "infinite money glitch" finally broken, or is this just a necessary pivot? Do you still trust the strategy?
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