Mythmakers vs Myth Hunters: Saylor Sold Bitcoin — Strategy Sale Breakdown

BITKIN PREACHER: WHY SAYLOR IS SELLING WHAT HE PROMISED NEVER TO SELL

RUBRIC: MYTHMAKERS VS. MYTH HUNTERS

From the Editor: Mythmakers never sleep. Neither do we.

Our rubric is not about one-time exposés. It is a chronicle of living mythmaking: how beautiful stories are born, what sustains them, and where they crack when they hit reality.

In March, we took on Michael Saylor. In June, we updated the material — adding seven layers of reality that the guru prefers not to discuss. And now — fresh news that demands an immediate response.

On July 5, 2026, Strategy sold Bitcoin. On July 6, Saylor publicly explained it as “tax optimization.”

We don’t get familiar with gurus. We simply put their sermons into verification mode. With a smile, but without rudeness. With numbers, but without tediousness. With the understanding that the world around us is changing rapidly.

Only facts, square brackets, and healthy irony.

Let’s go.

DISCLAIMER

This material is an analytical review prepared by the editorial board of the journals “Kafedra” and SforNews as part of the “Mythmakers vs. Myth Hunters” series. The material is based on open data, official documents, and public statements. It does not constitute investment advice or a call to action. The authors do not provide recommendations on the purchase, sale, or storage of any assets, including cryptocurrencies.

The purpose of this material is to verify public narratives, fact-check statements made by prominent figures against evidence and context, and to document discrepancies between words and actions. All conclusions are probabilistic and analytical in nature. The editorial board assumes no responsibility for any financial decisions made based on the content of this material.

The material contains irony and critical analysis. It addresses gurus and their followers without familiarity, but with the necessary degree of skepticism required by journalistic ethics when dealing with public statements that influence financial markets.

BACKGROUND: WHAT HAPPENED

On July 5, 2026, Strategy (formerly MicroStrategy) conducted another sale of Bitcoin. On July 6, Michael Saylor publicly explained it as follows:

“This is a tactically sound decision to obtain tax benefits (through realized losses) and to support the STRC program.”

Context: this is already the second sale in a short period. In early June, Strategy sold 32 BTC [2]. And before that — on June 15 — the company bought 1,587 BTC for $105 million to demonstrate its commitment to the “Net Buyer” strategy [3].

But the fact remains: Saylor is selling Bitcoin. And he is publicly explaining it.

PART ONE: HOW “NEVER SELL” BECAME “SELL FOR TAX”

What Saylor used to say:

What we see now:

Date	Event
May 2026	Saylor says at an earnings conference: “We will likely sell some Bitcoin to pay dividends — just to ‘vaccinate’ the market” [4]
June 4–9, 2026	Strategy sells 32 BTC at $77,135 — first sale since 2022 [2]
June 15, 2026	Strategy buys 1,587 BTC for $105 million at $66,100 — Saylor talks about the “Net Buyer” strategy [3]
July 5, 2026	New BTC sale
July 6, 2026	Saylor explains: “tax optimization and STRC support” [1]

Bottom line: In two months, Saylor has transformed from an apostle of “forever hold” into a manager who sells when he needs to and makes up explanations when asked.

PART TWO: BREAKING DOWN SAYLOR’S EXPLANATIONS

Explanation #1: “Tax Optimization”

What Saylor says: “We sold Bitcoin to get tax benefits through realized losses.”

Facts:

Question: If you believe in “eternal growth” and “digital gold,” why are you realizing losses for tax savings? You were supposed to hold, not sell.

Answer: Because Saylor does not believe in “eternal growth.” He is a manager who manages risks. And “tax optimization” is just a pretty name for locking in losses.

Explanation #2: “Supporting the STRC Program”

What Saylor says: “We sold Bitcoin to support the STRC program.”

Facts:

STRC is a convertible notes program [6]. The company borrows money from investors at laughably low rates (0.625–2.25% annually), and they can later convert the debt into shares.

The problem:

Question: How does selling Bitcoin “support” a program that relies on belief in Bitcoin’s growth? If you sell your main asset, you undermine confidence in the program, not support it.

Answer: Selling Bitcoin is not “supporting” STRC. It is servicing debt by selling the main asset. Saylor is simply repackaging a forced decision as a strategic one.

Explanation #3: “We Remain Net Buyers”

What Saylor says: “We sell a little, but we buy more. We remain net buyers.”

Facts:

Question: If you are a net buyer, why sell at all? Why not just buy $105 million and hold?

Answer: Because the company has no cash for new purchases without selling old holdings. They sell to buy. This is not “accumulation.” This is rotation.

PART THREE: WHY THIS MATTERS — BITCOIN VS. BITKIN

We introduced this distinction not for style. It is fundamental.

Bitcoin is the pure protocol created by Satoshi Nakamoto. A decentralized system of electronic cash. It is architecture, mathematics, code. Independent. Uncontrollable. Free.

Bitkin is what people have turned Bitcoin into. An asset on exchanges. A tool for speculation. “Digital gold” for those who want to get rich without creating anything. It is Bitcoin embedded in the same banking system it was supposed to free us from.

What we are seeing now:

Saylor is selling bitkin. The very asset he accumulated on the company’s balance sheet. He is selling it because he needs dollars. He is not using Bitcoin as money. He is not using it as a medium of exchange. He is using it as a tool to obtain dollars.

This is bitkin. An asset that is sold when dollars are needed. An asset that is held while it rises. An asset that does not function as money, but as a speculative instrument.

What about real Bitcoin?

Real Bitcoin is what we wrote about in our Supplement to Satoshi Nakamoto’s White Paper (WIT ST EED NERD) [7][8][9]. It is Bitcoin as perceptual property — an asset that exists simultaneously mathematically and consciously. It is ownership that cannot be sold on command, because it exists in your perception.

Saylor sells bitkin because he holds it on the balance sheet. It is a number. It is an asset. It can be sold.

If he held Bitcoin (as perceptual property), he could not sell it on command. Because ownership would be inalienable.

This is exactly what we are proposing. A return to true Bitcoin. To what Satoshi intended. Not to what speculators have created.

PART FOUR: THE MAIN TAKEAWAY — SAYLOR IS NOT A GOD, HE IS A BUSINESSMAN

Saylor is not a prophet. He is not an analyst. He is not a guru. He is a businessman.

This is not a “strategy.” This is survival tactics.

And that is normal. Businessmen do this. But when a businessman poses as a prophet and then does the exact opposite — that is called a double game.

We are not against Saylor. We are against the myth of Saylor.

The myth that he “understands Bitcoin better than anyone.”
The myth that he “will never sell.”
The myth that he is “leading humanity to financial freedom.”

He is leading his company to survival. And that is normal. But do not sell it as a revelation.

ARCHITECTURAL CONCLUSION

Myth	Reality
“Never sell”	Sells when dollars are needed
“Tax optimization”	Locking in losses and servicing debt
“Supporting STRC”	Selling the main asset to close the cash flow gap
“Digital gold”	A speculative asset sold at the bottom
“I own Bitcoin”	You own an exchange’s promise or a balance sheet entry

P.S. (UPDATED JULY 7, 2026)

Saylor is no longer an apostle. He is a manager forced to maneuver.

Bitcoin is the protocol. Bitkin is what people have made of it.

Saylor is selling bitkin. And we are proposing a return to Bitcoin.

The only question is who will manage to exit bitkin before the system closes in. And who will be able to transition to the new ontology of ownership.

Follow the publications of “Kafedra” and SforNews.

© Bureau of Global Monitoring and Systems Design, 2026. Updated July 7.

SOURCES

[1] “Michael Saylor stated that yesterday’s BTC sale is a tactically sound opportunity to obtain tax benefits,” July 6, 2026.

[2] Yahoo Finance, “Strategy sells 32 BTC for $2.5 million, first sale since 2022,” June 4, 2026.

[3] Cointelegraph, “Strategy buys 1,587 BTC for $105 million, reaffirms Net Buyer strategy,” June 15, 2026.

[4] Seeking Alpha, “Strategy’s Q1 2026 earnings call transcript,” May 5, 2026.

[5] Strategy Official Filing, Q2 2026 Report.

[6] SEC Filing, Strategy Convertible Notes Program (STRC), 2025–2026.

[7] Tatyana Burmagina, Satoshi Nakamoto, Ayrat Minikhuzin. Supplement to Satoshi Nakamoto’s White Paper (WIT ST EED NERD) // “Academy of Trinitarianism,” 2025. https://www.trinitas.ru/rus/doc/0024/001a/00241039.htm

[8] Tatyana Burmagina, Satoshi Nakamoto, Ayrat Minikhuzin. Supplement to the Original White Paper of Satoshi Nakamoto | WHITE PAPER SUPPLEMENT: WIT ST EED NERD, 2025. https://yatakdumayu.ru/dopolnenie-k-originalnoj-white-paper-satoshi-nakamoto-white-paper-supplement-wit-st-eed-nerd-tatyana-burmagina-satoshi-nakamoto-ajrat-minixuzin/

[9] Tatyana Burmagina, Satoshi Nakamoto, Ayrat Minikhuzin. Satoshi Nakamoto’s White Paper | WHITE PAPER SUPPLEMENT: WIT ST EED NERD // Sfornews, January 24, 2026. https://sfornews.com/ru/forecast-ru/white-paper-satoshi-nakamoto-white-paper-supplement-wit-st-eed-nerd-tatyana-burmagina-satoshi-nakamoto-ajrat-minihuzin/1739/

The material was prepared by the editorial board of the journals “Kafedra” and SforNews based on open sources. When citing, a reference to the original source is mandatory.