Michael Saylor Shuts Down Viral $5 Billion MicroStrategy Bitcoin Sale Claims
Michael Saylor says the $5 billion Bitcoin sale story that tore across X (Twitter) this weekend was never news at all. Every dollar of it, he says, was made public a month ago.
The claim spread fast. MicroStrategy (now Strategy) had just won approval to sell up to $5 billion in Bitcoin (BTC), the posts said. Saylor called it old news in a new wrapper.
Where the $5 Billion Number Came From
MicroStrategy announced a new capital plan on June 29, 2026. Inside it sits a BTC Monetization Program. The program lets the company sell Bitcoin. It never makes it.
The plan set four spending limits.
- $1.25 billion to rebuild its cash reserve
- $1 billion to buy back preferred shares
- $1 billion to buy back common stock
- About $1.76 billion a year in dividend and interest bills
Add them up and you get $5.01 billion. That is the viral number. It went public five weeks ago.
Why did the cash reserve need rebuilding? It had shrunk to $871 million by May 25. MicroStrategy had just spent $1.38 billion of cash clearing debt.
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