MicroStrategy reaffirms Bitcoin buying amid STRC funding shift and debate over potential sales

MicroStrategy CEO Michael Saylor posted on X, saying “Buy more Bitcoin than you sell,” after company commentary suggested Strategy could sell BTC if necessary for purposes such as dividend payments or capital management ^[1].

Jan3 CEO Samson Mow pushed back on the idea that any sales would break Strategy’s treasury thesis, arguing corporate Bitcoin treasuries need optionality to protect shareholders and manage public-market pressure; Mow made his case in a post on X and in subsequent commentary ^{[2] [3]}.

Analysts and market observers have remained constructive: TD Cowen raised Strategy’s price target to $395, citing a shift toward funding Bitcoin purchases through STRC perpetual preferred stock as a move that could improve capital efficiency and the company’s BTC Yield metric, and a major investment bank issued a ‘buy’ rating on MicroStrategy stock earlier the same day. Reporting on STRC also highlights product features such as its roughly 11.5% annual yield and retail-dominated ownership as context for the company’s dividend and funding choices ^{[4] [5] [6]}.

The company’s public messaging emphasizes continued accumulation while acknowledging mechanisms to sell if needed, and both defenders of corporate treasury flexibility and some analysts view funding shifts and preferred-stock issuance as supportive of MicroStrategy’s strategy ^{[1] [2] [4]}.