Michael Saylor Just SOLD Bitcoin...What You Need To Know

追加: 2026-06-04

[00:00:01]Hello, fellow Rebel Capitals. Hope you're well. Boy, my voice. I can barely talk. Rebel Capitals live. It was incredible. That's what happened this last weekend. And man, my voice is kind of horse and uh as you can tell. But boy, it was worth it. What a fantastic event. But let's get into the topic of the day. Michael Sailor just started selling Bitcoin. I thought he was never ever ever going to sell.

[00:00:31]Wasn't he going to take like his uh the the Bitcoin password or almost like lock it away so no one can ever sell it for the rest of his life or something like that. But we've been talking about this on the channel for a long time. And that's the possible tentative or precarious, that's probably a better word, precarious position that strategy might be in where the price of Bitcoin isn't going up and going up consistently. They might have to either sell shares which dilutes the shareholders all as being equal or they might have to even start selling Bitcoin to pay those what 10 11% dividends on the preferreds. So let me do a screen share and let's go into what exactly is happening now. It's but it's a it's bizarre.

[00:01:28]It it's not straightforward what's happening. So, let's go over the screen share or do the screen share and you'll see exactly what I'm referring to. Let's go over to Zero Hedge. That was the best article I saw on it. So, I'm going to zoom in so you guys can see this.

[00:01:51]There we go. Let's go all the way to the top here. So, working better. I don't even know what that means, but I guess that's what Sailor tweeted yesterday.

[00:02:00]But the bottom line is he sold 32 Bitcoin over the weekend or maybe on Friday and this was according to their 8K filing that came out today.

[00:02:14]Now, a few things that are bizarre here.

[00:02:19]Number one, I thought Sailor was never ever ever going to sell Bitcoin. I thought if it's going to a million, like why why would you sell Bitcoin?

[00:02:28]But number two, be I guess the obvious answer there would be because he has to sell the Bitcoin to cover the preferreds or the dividend. But that's not what he's doing. Like that's what I thought initially.

[00:02:41]But then I'm like, well, wait a minute.

[00:02:42]Why would you sell 32 Bitcoin? And look, he's selling 32 Bitcoin at an average price of 77,000 for a total of $2.5 million.

[00:02:54]Like what? He probably spends $2.5 million a week on his on his gas for like his yacht. Like why? [laughter] Like why? Like like I'm not a big fan of micro strategy. You guys know that. And I think this is just total financial engineering that inevitably is going to blow up on in their face. But um the 2.5 million like they can afford 2.5 like that's not a like that's a rounding error on their balance sheet. Like why would you do that? And then you know maybe the answer is well because they're so desperate that they don't want to sell a lot because they know it's going to heavily impact the market but they can't be that desperate. And the reason why is because at the same time, well, we're going to go back up here, but here's what I want to highlight.

[00:03:49]So, look at this. At the same time that they sold the 32 Bitcoin for 2.5 million bucks, they sold a bunch of common stock and raised 128.3 million.

[00:04:06]So, think about that. You you just took in 128 million by selling common stock.

[00:04:14]What what are you gonna do with 2.5 million? Like like you see what I'm saying? Like [snorts] obviously they don't need the 2.5 million to to meet the obligations on the preferreds or the the dividend or whatever it is. They don't need the 2.5 million.

[00:04:32]So, if you don't need the 2.5 million, why why sell?

[00:04:38]You guys can let me know in the chat.

[00:04:40]I'll give you my hypothesis here in a moment, but let's go back to the nitty-gritty. Go back to the details from the Zero Hedge article. And here's where it gets even more bizarre.

[00:04:52]Proceeds from the Bitcoin sale are expected to be used for fund distributions on preferred stock. But again, it they don't need the money.

[00:05:01]This is the first time Strategy has sold Bitcoin since 2022 when the company offloaded 704.

[00:05:09]However, and this is where it gets really weird. However, the firm reportedly bought 110 Bitcoin just two days after.

[00:05:20]So I guess you could maybe say that okay they sold 32 at 77 and then when the price got down to where it is I don't know what was it now maybe close to 70 71 they bought more because they wanted a dollar cost average and they had the 128 but if you're that desperate that you have to sell 32 bitcoin would you really be buying even at a lower price would you even be buying 810 2 days tighter [snorts] and it's just let's keep going here.

[00:06:00]Strategy Bitcoin purpose Bitcoin purchases, excuse me. Let's ex increase the size of this chart so we can all see it. 32 Bitcoin sale first since 2022.

[00:06:12]Oh, I see. So, this is basically their I would assume their net purchases, how much Bitcoin they have on their balance sheet, if I'm reading that right.

[00:06:24]You know, before we go any further, let's go over what's happening to their share price because that's noteworthy.

[00:06:32][laughter] That's for sure.

[00:06:36]Whoops.

[00:06:41]Whoa. Yikes. So, down I mean this is what you'd expect, right? Because it's going to spook the market. It's down 6.3%.

[00:06:51]Down 10 bucks just today. And when you whenever you look at the price action of strategy, you always got to compare it to the price of the underlying asset, which is Bitcoin. So, let's go over to CNBC and see what's doing with Bitcoin.

[00:07:11]And we see today that's down 3.76 today which again you would expect because if not if because the fact strategy or micro strategy has been such a massive net buyer of Bitcoin if that bid turns or if that buying turns into selling it's it's tough to argue how Bitcoin goes up a lot in that environment.

[00:07:41]And it's tough to argue how it doesn't go down and potentially go down a lot.

[00:07:46]So, this is no surprise that Bitcoin is down big today. But what I wanted to highlight is the fact that Micro Strategy is down substantially more. And if you look at a long-term chart, I mean, you guys can probably guess how this looks. Just straight in the no bueno zone. Although, you know, you're hitting resistance here. So, it'll be interesting to see if this continues as far as continues to go down. If you break through those uh well, I guess it would be, excuse me, support levels, support levels down here around, call it 120, you know, 130, right around that mark. But let's also go over and see what's going on with STRC.

[00:08:29]So, this is what I thought initially, you know, before I really like, wait a minute, 32 Bitcoin, that doesn't make any sense. When I first saw that they sold, I thought, oh, maybe it's because they are running low on cash or whatever it is, or they don't want to really have a big impact on their balance sheet as far as their cash position. So, they're just offloading some Bitcoin to go ahead and pay that uh preferred.

[00:08:55]So, we look if there was some serious issues with this or if the market perceived this to be very very serious as far as this selling, you would see the price go below par. So, you'd see the price go below 100, right? Because this is basically, okay, you can buy one of these right now at 98 cents on the dollar is what this is telling you. and you can still and then so your dividend yield would be, you know, slightly higher than what it was at par and that incentivizes people to buy. I think what happens too is Sailor comes in and buys if it gets too far down below 100, he'll come in and do whatever he needs to do, you know, more financial engineering to try to bring that number back up to 100.

[00:09:46]And that's all fine and dandy assuming the price of Bitcoin is going up. and going up consistently. But if the price of Bitcoin ain't going up, then that's where it potentially potentially uh come becomes a problem. So let's go back to Zero Hedge.

[00:10:05]So the Bitcoin sale was anticipated.

[00:10:07]This is also interesting how they look at what's going on with the uh blockchain. They analyzed this and they saw that basically strategy took a bunch of Bitcoin and they put it into a well, let me just read it for you.

[00:10:24]Today's sale announcement comes shortly after onchain da d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d d da from Arkham Intelligence showed strategy moved roughly 411 Bitcoin to its custody account on Coinbase Prime to a cold wallet address on the platform on May 28th. This prompted the odds of Strategy selling Bitcoin before the end of 2026 to surge to 84%.

[00:10:54]Strategy also noted has purchased 2.6 times the amount of Bitcoin mined in 2026. Of course, because whenever they're calling this now the Bitvac, like the Bitcoin vacuum, come on.

[00:11:07][laughter] Ah, this is, you know, regardless of how this ends, this is going to go down in history. They're going to study this for decades to come in and marketing part departments across the United States and how to and and financial engineering departments, if they have those, [laughter] they're going to be studying this for a long, long time because they're pulling out all the stops.

[00:11:35]So now I I'm sure they're going to try to brand this BitVac.

[00:11:40]So they're just vacuuming up all of the Bitcoin. So when they do come out with, you know, what would probably piss off a lot of the real true Bitcoiners because, you know, Sailor's almost like Trump, he's not that bad, but what I mean by that is, you know, he'll sit there and say adamantly over and over and over and over again that he's never ever going to sell. And you know, anyone that sells is stupid and you should mortgage your house to buy Bitcoin, all these things.

[00:12:10]And then six months later, he's selling Bitcoin. It's like, dude, come on, man.

[00:12:15]Come on.

[00:12:17]But it goes back to the question of why.

[00:12:21]Like, he's not selling it because he's desperate for cash. Like, that's that wouldn't make any sense at all. And again, why? because he only sold 2.5 million bucks worth and he just sold shares and collected 128 million and I think he's got like 900 million almost a billion dollars on the balance sheet. So again that 2.5 million he's going to spend that on dinner this weekend. Like that doesn't even make sense. I think what he's doing here and this is just a total hypothesis. You guys let me know what you think. But the only thing that makes sense to me is he's just testing the market. So he's like, you know, if Bitcoin continues to go down or stay down and if this happens over a long period of time, if we have a recession or whatever it is, if we have these geopolitical shocks that may impact the price of Bitcoin negatively, well, that may, although I'm nowhere near in that position right now where I have to sell Bitcoin to cover the dividend, but I may be there in the future. So, let's go ahead and just kind of get the market and all the diehard Bitcoiners and all the people that are, you know, strategy bulls. Let's the the cult of strategy, if you will. Let's get all these people used to me selling.

[00:13:46]So, when I do sell because I have to, not because I want to, then I can control the narrative.

[00:13:55]So, if I never ever ever sold until I absolutely have to, then that would be tough to control that narrative, right?

[00:14:03]I couldn't come out and say, "Oh, no, no, no, no. We're not we're not selling because we have to. That's that's fake news. Oh, look over there, a squirrel."

[00:14:11]Right? I couldn't use that diversionary tech. I couldn't use the spin. I couldn't use the propaganda. I couldn't use the marketing.

[00:14:18]I couldn't I it would be less effective.

[00:14:20]But if I sell just little teeny weeny bits here and there and here and there, now all of a sudden I've got a narrative that I can push. And I know that all the Bitcoiners and all the strategy the cult guys are going to push that on Twitter.

[00:14:34]So if in a year he sells not because he wants to, but because he has to, all the Bitcoiners and Michael Strategy is going to go, "Oh, this is a nothing burger.

[00:14:43]What do you Oh, no. I've sold before.

[00:14:45]Look, I sold back in 2026. I was selling like once a month. This is just balance sheet management is all this is. You guys are just making something out of nothing. So whatever you do, don't sell your shares of strategy. Don't sell stretch or whatever the hell he calls it, STRC. Don't sell any of this stuff because there's nothing to worry about because the fact that I just sold a thousand Bitcoin, that doesn't matter because we've been doing it before in lesser amounts and this is just nothing.

[00:15:17]But like we said, it's just it's just balance sheet management. And I'm not going to explain it to you because you're too dumb to understand. But you just got to trust me that I'm super super smart and this is a this is an accretion of value to the shareholders. I think that's what they always say. This is accretive to the shareholders. That's [laughter] that's the word they always use. And then they were also trying to claim that this is this type of balance sheet management management with selling Bitcoin is somehow going to increase the uh what what do they call it the Bitnav or or something like that the SNAV or you guys know what I'm talking about.

[00:16:01]It's basically the amount of Bitcoin per share. I'm like how does that increase the amount of Bitcoin per share if you're selling Bitcoin? But maybe it was just selling Bitcoin as opposed to selling shares. Um, but they sold shares as well, which is increasing the supply of shares relative to the Bitcoin. But [laughter] that's where I get uh, let's just say suspicious. Suspicious would be the right word. By the way, what are the chances within the next three years that strategy pivots to an AI company or it'll be like Sailor will come out and say that he's he's pivoting to it'll be like an AI slash Bitcoin and it'll be just some genius or some stroke of genius that no no one's ever thought of. And he's going to have all these new names. You It's like Starbucks getting like a latte at Starbucks. They have to have all these new names for it. So, he's like branding it as though it's like, you know, his idea, but then when you scratch beneath the surface, it's just more like sales and more financial engineering. I I would peg that probably I I'd peg it at over 50%. Like I would probably be surprised if he doesn't pivot to some sort of AI thing uh within the next or some sort of like combination AI Bitcoin strategy within the next three years especially if AI stays really really hot.

[00:17:54]Yeah. So that's it really doesn't go into why he would do this other than an an explanation that to me makes no sense at all. The only thing that makes sense to me is this is just a trial balloon.

[00:18:08]It's just a trial balloon just to see how far down his share price goes, just to see how the market responds, just to see what the price of Bitcoin does, and then to give him an excuse in the future that um you know is a bullish spin on something that might be extremely bearish and that would be selling in the future because he has to where right now this is obviously not that. This is this is not sailor selling because he has to.

[00:18:39]It is is absolutely selling because he wants to.

[00:18:48]Let's put Josh up here in the mix.

[00:18:51][laughter] This time out. What is going on here?

[00:18:58]>> Just just ripping some sunlight in the morning having some coffee. I mean, not a whole lot.

[00:19:05]Yep.

[00:19:06]>> Vitamin D. Doing some work. Taking the shirt off.

[00:19:09]>> Yep. The actual You can see >> that's straight That's straight for the hose right there.

[00:19:13]>> The whole team has them shirts off.

[00:19:15]>> Oh, okay. I thought you were in a public place. That would have been even better if you were like at Starbucks [laughter] with no shirt. That's all Josh is. He's just doing it for the ladies, right? All for the ladies.

[00:19:28]>> Did Oh man, I was gonna give him some more. We're gonna give him some more inside jokes there. Anyway guys, that's what's going on with strategy. As always, make sure you're standing up for freedom, liberty, free market capitalism. For all of the you that went to Rebel Capitalist Live, thanks for coming. It was awesome to see all you guys. I hope you learned. I'm sure you learned a lot. And on that bombshell, we'll see you on the next video.