Michael Saylor and Trump both sell off Bitcoin

[legiteum]

https://www.cnbc.com/2026/06/01/strategy-shares-fall-after-selling-2point5-million-in-bitcoin-its-first-sale-since-2022.html

and

https://www.thestreet.com/crypto/markets/michael-saylor-breaks-his-most-famous-promise

It's a very small sale compared to MSTR's overall holdings but... boy, is this ever bearish for the BTC market. This is a rubicon that was just crossed.

Saylor is the hardest of the hard-core religious promoter of Bitcoin who, on many separate occasions, vowed he would never sell his Bitcoin and basically told people it was stupid to sell your Bitcoin since it's obviously going to rise by 10,000% soon.

Fun fact: you don't sell something unless you are fairly sure it will go down in price*.

Fun fact #2: Saylor and his team of experts are in charge of ~$60B of their stockholder's money, so they are... smarter than you are. 

Is Donald Trump next? If that happens BTC will go into free-fall...

EDIT: Wait, that actually happened! Trump just sold a chunk of his Bitcoin:

https://finance.yahoo.com/markets/crypto/articles/trump-media-moves-sell-bitcoin-135600576.html

(I've long predicted Trump would use the power of the US government to trash BTC in favor of TrumpCoin [or some other scam] because it could actually make Trump a trillionaire. So far, this thesis is still intact...).

(* Of course MSTR couldn't just dump all of its BTC since they own so much of the market and would drag the market down by virtue of their sale, so anything they did would have to be done very very carefully--like they did here by selling a little BTC and not telling anybody until after they did it).

[Bitcoin-Forever]

Let's see what these selling could further cause the Bitcoin market price, but my mind is telling me something more behind this decision that we see them take, if the market fall the more and we landed below $70,000 then expect them to buy the more, especially microstrategy, I don't want to believe there yet done with their holding or ability to buy at every dip, but that of trump or united state is out of context on its own because they are not bitcoin investors, but selling of their Bitcoin in custody could trigger a market reaction as well.

[Smartprofit]

In my opinion, institutional players are successful precisely because they're so good at transferring money from the pockets of naive ordinary people into their own (and not the other way around).

I've never considered either Michael Saylor or Donald Trump to be Bitcoin maximalists... In my view, they're ruthless and pragmatic Wall Street tycoons. When they see a large-cap asset (like Bitcoin), their first thought isn't how to make ordinary crypto enthusiasts richer. Their first thought is to suck all the liquidity out of it and pocket it for themselves. They're only interested in fiat money...

I've long noticed that cryptocurrency rises in price when there are no institutions or government regulations in the crypto industry. Cryptocurrency falls in price when they appear.

Now the price of Bitcoin has fallen, and these people will use Bitcoin to save their fiat Ponzi scheme.  There's nothing surprising about this. Their priorities have long been clear. 🤷

[Majestic-milf]

 Fun fact: Don't take the words of a businessman seriously. Also this isn't the first time he's sold off Bitcoin. In 2022, he sold off 704 BTC for $11.8m, citing reasons for it as generating tax benefits. This time around, the sale is so that they can "maximise Bitcoin-per- share".
Obviously the price of Bitcoin would take a big hit as a result of this but it will still rally back up. It's not like this is the first time something of this nature is happening.
 As for Trump dumping some of his Bitcoin? OMG! Why am I not surprised?

[Ambatman]

Fun fact: you don't sell something unless you are fairly sure it will go down in price*.

uhh they sold Bitcoin worth just $2.5 million which is nothing compared to what they own
It's proof that it was more like a test and prepare people minds when they do sell.

he would never sell his Bitcoin and basically told people it was stupid to sell your Bitcoin since it's obviously going to rise by 10,000% soon.

Lol stated sell your kidney if you have to never sell your Bitcoin.

they did here by selling a little BTC and not telling anybody until after they did it)

isn't that how it works
Do you expect them to post we selling some Bitcoin in 1 hour time
Get ready.

[Chinesebaby]

(I've long predicted Trump would use the power of the US government to trash BTC in favor of TrumpCoin [or some other scam] because it could actually make Trump a trillionaire. So far, this thesis is still intact...).

If I'm not mistaken, I don't think president Donald Trump personally own more than 13,000 BTC as his personal belongings. And for that reason, if he sells everything, which is likely to be roughly around $1.4 billion to $1.7 billion. I don't think that wil not be able to stop Bitcoin from still being the people's priority. Because no matter how Trump may try to promote his coin, it can never be like Bitcoin.

(* Of course MSTR couldn't just dump all of its BTC since they own so much of the market and would drag the market down by virtue of their sale, so anything they did would have to be done very very carefully--like they did here by selling a little BTC and not telling anybody until after they did it).

Microstrategy just sold 32 of it's Bitcoin worth $2.5 million out of the over 843,708 BTC that the company owns. So I don't think this small amount will do anything to the Bitcoin market at large. Moreover, this is the first time the company is selling its Bitcoin. So there is absolutely nothing to worry about, because this is one company that have great belief in Bitcoin, of which I'm sure that just the same wey they sold today, they can still buy back more into their reserve.

[Knight Hider]

Spreading FUD? Buying and simultaneous selling has tax benefits.

[BIT-BENDER]

Fun fact #2: Saylor and his team of experts are in charge of ~$60B of their stockholder's money, so they are... smarter than you are.  Cheesy

Is Donald Trump next? If that happens BTC will go into free-fall...

Well I agree that if right now Donald Trump start to sell of his Bitcoin then Bitcoin will go into a free fall and I agree on that because the next thing that will happen after he does that is those paper hands who bought because the saw Donald Trump showing interest in Bitcoin especially during his campaign will first sell off, they will do that because they never understood Bitcoin they just believed in the influence of Donald Trump.
For me after the weak hands have sold off it will just be a matter of time because Bitcoin stabilise after Donald Trump selling off and this time Bitcoin would even be stronger that ever.

[legiteum]

I've never considered either Michael Saylor or Donald Trump to be Bitcoin maximalists... [...]

Donald Trump no, but Michael Saylor, for most people is the Bitcoin maximalist.

uhh they sold Bitcoin worth just $2.5 million which is nothing compared to what they own
It's proof that it was more like a test and prepare people minds when they do sell.

Agree completely. The amount doesn't matter: this was a line in the sand.

they did here by selling a little BTC and not telling anybody until after they did it)

isn't that how it works
Do you expect them to post we selling some Bitcoin in 1 hour time, get ready?

Actually this is how securities like stocks are forced to function based on regulations. Not necessarily down to the hour or even the day, but a public company could never make a move like this without letting investors know ahead of time.

In the crypto world, there are no such regs .

(I've long predicted Trump would use the power of the US government to trash BTC in favor of TrumpCoin [or some other scam] because it could actually make Trump a trillionaire. So far, this thesis is still intact...).

If I'm not mistaken, I don't think president Donald Trump personally own more than 13,000 BTC as his personal belongings. And for that reason, if he sells everything, which is likely to be roughly around $1.4 billion to $1.7 billion. I don't think that wil not be able to stop Bitcoin from still being the people's priority. Because no matter how Trump may try to promote his coin, it can never be like Bitcoin.

I agree it would be hard to do, but with Trump, you should "never say never" .

Trump could direct US regulators to slow down the on/off-ramps for BTC which would basically put a tax on it, and then make his own coin tax-free. Or something else like that. As president of the USA and the first one who completely ignores our constitution and does whatever he wants to enrich himself (and his party doesn't care), he can make moves that no other US president in history ever could.

Of course, they may not be that smart...

[bangjoe]

Fun fact: Don't take the words of a businessman seriously. Also this isn't the first time he's sold off Bitcoin. In 2022, he sold off 704 BTC for $11.8m, citing reasons for it as generating tax benefits. This time around, the sale is so that they can "maximise Bitcoin-per- share".
Obviously the price of Bitcoin would take a big hit as a result of this but it will still rally back up. It's not like this is the first time something of this nature is happening.
 As for Trump dumping some of his Bitcoin? OMG! Why am I not surprised?

But I think they are just like us where they invest to make a profit, and after they make a profit they will definitely sell, even though they have a long-term plan but they will definitely sell some and will take back at the lowest price, if they continue to be eager to return to buying, and logically they will not continue to buy continuously, there must be a time when they will sell even like JJG will definitely do it.
There is always a reason for them to sell the bitcoins they have bought or accumulated, and you don't think it's strange, I just find it strange why people are surprised by what they are doing, in my opinion they want to sell or buy it is their right, why should we expect more of them?

This decline is likely to continue.

[Rabata]

I don't think that the Saylor's small sale of Bitcoin will have a major negative impact, but it is natural that there will be a lot of criticism about it temporarily, which is why its impact will temporarily affect the Bitcoin price. Is it logical that such a large company would only buy Bitcoin but not sell it? The small amount of Bitcoin that has been sold recently, which is a very small portion of the total holdings, so it may only for criticism but nothing else. A large company may need some money. If he had a purpose to sell, he would definitely not have sold such a small amount of Bitcoin. So I think those who think this is negative should monitor the matter better. Currently, his holdings are still very high. It is better to implement your own purpose without being affected by any negative news. There are constant attempts to influence the market, so you should try your best to keep your emotions in control.

[Livingleged]

Why am I not so bothered about the recent drop? Maybe because the withdrawal of the 32BTC should bother me too much compared to what being held buy the rest of us that are using bitcoin. And time like this always cause some kind of panic among the weak hands just a little drop people are alto panicking and selling holding that why u can see the decline. I am very sure the decline was not just because 32BTC that worth just $2.5m was sold bit rather other individuals who are also selling out of fear. Anyway let see how it will end but honestly I am not bothered at all and if I can get more am still going to make use of the time to buy more.

[FinneysTrueVision]

Trump Media jumped on the treasury company bandwagon without really knowing what they were doing. We knew that Trump and his family never cared about Bitcoin and were only looking to extract as much as possible. The company is run so poorly and loses so much money that they have to sell Bitcoin to continue operating. I don’t see it as a move to suppress Bitcoin in favor of something else, especially not Trumpcoin.

he would never sell his Bitcoin and basically told people it was stupid to sell your Bitcoin since it's obviously going to rise by 10,000% soon.

Lol stated sell your kidney if you have to never sell your Bitcoin.

Saylor is a classic huckster, no different from many shitcoin peddlers. His promotion of Bitcoin was so aggressive because he wanted people to buy his stock. Bitcoin has not performed all that well recently, so he was forced to drop the act and sell some Bitcoin.

I don’t see Strategy dumping the rest of their Bitcoin or pivoting to AI. They are just going to spin this as maximizing BTC per share or something of that nature.

[ABCbits]

Is Donald Trump next? If that happens BTC will go into free-fall...

EDIT: Wait, that actually happened! Trump just sold a chunk of his Bitcoin:

https://finance.yahoo.com/markets/crypto/articles/trump-media-moves-sell-bitcoin-135600576.html

This part doesn't surprise me at all. He's known to be anti-Bitcoin during his first term, https://corpgov.law.harvard.edu/2019/08/06/a-roadmap-for-president-trumps-crypto-crackdown/. During his current/second term, his administration doesn't do that much to improve privacy or freedom when using Bitcoin either.

[Z-tight]

Trump could direct US regulators to slow down the on/off-ramps for BTC which would basically put a tax on it, and then make his own coin tax-free. Or something else like that.

Lol, what are you even talking about here. $TRUMP memecoin is as good as dead, we're talking about a memecoin here, a 'joke' that nobody uses for anything, but somehow you believe Trump would make BTC crash, for his coin to rise. Do you just try so hard to make up fud that you just come up with anything, even the most stupid kind of ideas to support your claim.

You're doing a good job of it, but fun fact, nobody really takes you seriously.

[aoluain]

I'm AMAZED that this thread hasnt mushroomed to 10+ pages already!

There has been so much chatter about Michael Saylor's and Microstrategy's Bitcoin and about what
if they do this and what if they do that, well now it happened again and there is virtually no reaction
on this thread?

Personally I care less than zero % on most of what Trump says  and as regards MS - well he is a
businessman first and a Bitcoiner second so he is going to put the interests of Microstrategy 1st.

So they sold BTC32 out of their BTC843,738, thats 0.003% . . .

[Oshosondy]

EDIT: Wait, that actually happened! Trump just sold a chunk of his Bitcoin:

https://finance.yahoo.com/markets/crypto/articles/trump-media-moves-sell-bitcoin-135600576.html

OP post this topic on June 1st, but the news was on 22nd of May which was last week, a week and a day old already. Why did OP posted about it after a week has passed? It will only confuse people that it is happening not quite long as Strategy sold little amount of bitcoin. Not little amount but little if compared to the amount that Strategy is buying.

[ultrloa]

Is Donald Trump next? If that happens BTC will go into free-fall...

EDIT: Wait, that actually happened! Trump just sold a chunk of his Bitcoin:

https://finance.yahoo.com/markets/crypto/articles/trump-media-moves-sell-bitcoin-135600576.html

This part doesn't surprise me at all. He's known to be anti-Bitcoin during his first term, https://corpgov.law.harvard.edu/2019/08/06/a-roadmap-for-president-trumps-crypto-crackdown/. During his current/second term, his administration doesn't do that much to improve privacy or freedom when using Bitcoin either.

That crackdowns happen before made people doubt on the intention of Trump, since even if they say nice word about Bitcoin these days. Still the actions clearly says that they are for profitability and also for political influence what Bitcoin can bring to them.

Also on that situation you present is good reminder not to believe on the word of politicians. Since their mind can change easily, also looking at current structure it seems that they are ready to sell anytime they want.

[Smartprofit]

Why don't I consider Michael Saylor a Bitcoin maximalist? Let me explain... 🙋

Michael Saylor didn't buy all 800,000+ Bitcoins with his own money. He issued bonds and used the proceeds to buy those Bitcoins.

Buying Bitcoins with borrowed money isn't, in itself, a reason not to classify someone as a Bitcoin maximalist. Yes, it makes one suspect that they're either an idiot or or an adventure,  but in my opinion, that's no reason to disqualify them from the title of "Bitcoin maximalist." At the same time, I personally believe Michael Saylor is no idiot...

But issuing Bitcoin-backed stocks is a completely different matter... If you bought Bitcoins with borrowed money and issued stocks (which you then sold for fiat), how can you be considered a Bitcoin maximalist?  You're convincing investors that your stocks are a more valuable asset than Bitcoin (which, of course, can't be true). You're using traditional financial instruments like bonds and stocks... Essentially, you're building a system based on fiat money to make money using fiat money.

I don't see Bitcoin maximalism here. I see dangerous parasitism on the idea of ​​Bitcoin. And if you think Michael Saylor is a boon to Bitcoin and its ecosystem, then look at the current Bitcoin price. Be honest: do you like it? I saw this price in 2021, five years ago. Since then, the US dollar has devalued significantly due to inflation. I think the emergence of institutional players in Bitcoin has made us poorer, not richer.🤷

[Ayers]

I'm AMAZED that this thread hasnt mushroomed to 10+ pages already!

There has been so much chatter about Michael Saylor's and Microstrategy's Bitcoin and about what
if they do this and what if they do that, well now it happened again and there is virtually no reaction
on this thread?

Personally I care less than zero % on most of what Trump says  and as regards MS - well he is a
businessman first and a Bitcoiner second so he is going to put the interests of Microstrategy 1st.

So they sold BTC32 out of their BTC843,738, thats 0.003% . . .

Yes, as far as I remember, many people were once wholeheartedly supportive of Michael Saylor and believed his promise that he would never sell bitcoin. Yet most of them have now chosen to remain silent. That is funny.

I have said this many times before, Trump and Michael Saylor entered the market primarily for profit, just like many of us. They are not here because of Bitcoin's future or for the benefit of the community. Therefore, it would be naive to idolize them or believe everything they say

They tell us to never sell Bitcoin, but they will do exactly that once they have hit their own target.