'Not One Satoshi': Michael Saylor's Bitcoin Claim Triggers Peter Schiff's Response - U. Today
Cover image viaU. TodayDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U. Today. The financial and market information provided on U. Today is intended for. . .
Cover image viaU. TodayDisclaimer: The opinions expressed by our writers are their own and do not represent the views of U. Today. The financial and market information provided on U. Today is intended for informational purposes only. U. Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. In a recent post, Strategy ChairmanMichael Saylorclarifiedhis well-known"never sell your Bitcoin" stance, which attracted attention from various quarters, including cryptocurrency critic Peter Schiff. In the past, Saylor, aBitcoinbull and advocate, has often reiterated to Bitcoin holders never to sell their coins. Now,amid a continued cryptocurrency market selloff that has shaken the conviction of many, some are questioning this viewpoint. The clarification also becomes essential afterStrategyauthorized a BTC monetization program under which the company may sell BTC from time to time. HOT StoriesYou Might Also LikeIn June, Strategy announced that its Board of Directors had authorized a BTC Monetization Program under which the company may sell BTC from time to time to fund its USD Reserve and additionally fund preferred stock dividends and interest expenses. In line with this, Strategy raised $104. 73 million last week with the sale of 1,638 Bitcoin and raised an additional $290. 6 million through the sale of common stock. The Bitcoin sales reduced Strategy's holdings to 842,138 BTC and increased its USD reserve by $250 million, taking the total USD reserve to $4 billion. Not a SatoshiIn his X post,Saylorstated that his personal Bitcoin holdings remain untouched. "When I say 'Never Sell Your Bitcoin,' I speak as one saver to another. I have never sold mine. Not one satoshi," he said. Yes, but you knew the impression you were creating, and you never bothered to clarify it. So either that was a deliberate attempt to deceive, or you actually meant that Strategy would never sell and are now lying to cover your ass. Either way, it’s not good. — Peter Schiff (@PeterSchiff)August 3, 2026Saylor went on to differentiate his personal investment stance from Strategy's corporate responsibilities, pointing out that the company has disclosed since 2020 that it may buy or sell BTC to manage capital, but the shared conviction in Bitcoin remains unchanged. You Might Also Like"Strategy is a public company, not my wallet. Since 2020, it has disclosed it may buy or sell BTC to manage capital. Our shared conviction in Bitcoin remains unchanged," he wrote. Longtime Bitcoin skeptic Peter Schiff was unconvinced by Saylor's explanation. Responding on X,Schiffclaimed that Saylor's messages of "never sell your Bitcoin" created a different impression that went unclarified. "Yes," Schiff said, agreeing in part with Saylor's claim, "but you knew the impression you were creating, and you never bothered to clarify it," Schiff stated, reinforcing his continued criticism of Saylor and Strategy.