$BTC Not for sale. Saylor/Strategy *has not approved selling until $1.25B in BTC to fund the USD Reserve*. It’s exactly the opposite of what’s rumored.
*What did happen:*
1. *The USD Reserve was funded without selling BTC*
Strategy created a $1.44B reserve in December 2025 and increased it to $2.25B in January 2026.
The money came from Class A share sales under its ATM program, not from Bitcoin. Between January 1 and 4, they sold 735,000 shares of MSTR for $116.3M and used that to buy more BTC.
2. *Saylor directly denied the rumor of large sales*
He publicly said there is *"no truth in the rumor"* that Strategy has sold Bitcoin. His stance remains "never sell" / a net accumulator.
3. *And what about the $1.25B?*
The $1.25B figure appears, but it’s from purchases, not sales: between January 5 and 11, Strategy bought 13,627 BTC for ~ $1.25B.
The only BTC sale they reported was very small: 32 BTC for $2.5M in late May 2026. It was the first net sale in 4 years, and they did it to fund dividends on STRC preferred shares, not for the USD Reserve.
*Key detail*: Strategy said it _could_ sell BTC if its mNAV fell below 1, and Saylor clarified that he would sell to pay dividends if needed. But so far, the reserve was built with equity, not BTC. 56213415
In summary: $1.25B = BTC purchases. USD Reserve = MSTR share sales. BTC sale = only 32 BTC in May.
*What did happen:*
1. *The USD Reserve was funded without selling BTC*
Strategy created a $1.44B reserve in December 2025 and increased it to $2.25B in January 2026.
The money came from Class A share sales under its ATM program, not from Bitcoin. Between January 1 and 4, they sold 735,000 shares of MSTR for $116.3M and used that to buy more BTC.
2. *Saylor directly denied the rumor of large sales*
He publicly said there is *"no truth in the rumor"* that Strategy has sold Bitcoin. His stance remains "never sell" / a net accumulator.
3. *And what about the $1.25B?*
The $1.25B figure appears, but it’s from purchases, not sales: between January 5 and 11, Strategy bought 13,627 BTC for ~ $1.25B.
The only BTC sale they reported was very small: 32 BTC for $2.5M in late May 2026. It was the first net sale in 4 years, and they did it to fund dividends on STRC preferred shares, not for the USD Reserve.
*Key detail*: Strategy said it _could_ sell BTC if its mNAV fell below 1, and Saylor clarified that he would sell to pay dividends if needed. But so far, the reserve was built with equity, not BTC. 56213415
In summary: $1.25B = BTC purchases. USD Reserve = MSTR share sales. BTC sale = only 32 BTC in May.
