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Saylor Selling Bitcoin?
A.Z.7 min read·Just now--
What happened to “sell a kidney”?
Michael Saylor has spent the better part of four years building one of the most recognizable personal brands in finance. Not around intelligence, or even strategy (pun intended) — around conviction.
The kind of conviction that produces sound bites like “sell a kidney if you must, but keep the Bitcoin.” The kind that turns a software company into a Bitcoin treasury vehicle and makes its chairman the patron saint of diamond hands.
So when Saylor walked into a Strategy earnings call this week and said — on record, in plain English — “you buy Bitcoin with credit, you let it appreciate, and then you sell Bitcoin to pay dividends,” the crypto world had a moment.
Some people panicked. Some people called it a betrayal. And some people, if they actually ran the math, went from skeptical to very bullish.
Here’s what actually happened, and why the reaction to it tells you more about where this market is than the headline does.
The statement, stripped of context, does sound like a contradiction. This is the same man who built an entire theology around not selling.
“The rules of Bitcoin: buy Bitcoin, don’t sell Bitcoin.”