The rumor mills are running high in the current cryptocurrency market, compelling investors to think twice and thrice about their recent market explorations. In a recent new rumor spree, Michael Saylor, former CEO of MicroStrategy, recently rebranded as “Strategy,” might be forced to sell its Bitcoin if BTC’s price continues to plunge, per the latest 8-K form filing filed by the firm with the SEC on April 7.

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Is Michael Saylor Ditching Bitcoin?

Michael Saylor, former CEO of MicroStrategy, popularly known as Strategy, might be bailing away from Bitcoin. A new rumor suggests that Saylor has filed a new 8-K form with the US SEC, stating that the firm may be obliged to sell its Bitcoin if it continues to fall or plunge in the near future. At the same time, the clause is dubbed a standard risk procedure and may come into effect if BTC plunges below normal price thresholds.

“The rumor has it that Strategy filed an 8-K form with the SEC on April 7. Stating that if the price of Bitcoin continues to fall, the company may be forced to sell its Bitcoin holdings to repay debts. It was found that this statement is a standard risk disclosure practice. And it also appears in the 10-Q report for Q1 2024. And reports for 2023 and earlier and is not a special case.”

The rumor has it that Strategy filed an 8-K form with the SEC on April 7, stating that if the price of Bitcoin continues to fall, the company may be forced to sell its Bitcoin holdings to repay debts. It was found that this statement is a standard risk disclosure practice, and it…

— Wu Blockchain (@WuBlockchain) April 9, 2025

Per Cult of Blockchain, the aforementioned step “may” be taken to refinance debt by liquidating acquired BTC in extremely distressing cases.

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This move may ultimately lead Saylor to break its active BTC proponent stance, which may end up sending shockwaves through the cryptocurrency world.

“⚠️ STRATEGY MAY BE FORCED TO SELL BITCOIN, BREAKING ‘HODL’ PLEDGE. In a recent 8-K filing with the SEC, Strategy may be forced to sell its #Bitcoin to meet debt obligation. If $BTC prices continue to decline—potentially breaking Michael Saylor’s @saylor long-standing “never sell Bitcoin” stance. The company stated that without access to favorable equity or debt financing.“

⚠️ STRATEGY MAY BE FORCED TO SELL BITCOIN, BREAKING 'HODL' PLEDGE

In a recent 8-K filing with the SEC, Strategy may be forced to sell its #Bitcoin to meet debt obligations if $BTC prices continue to decline – potentially breaking Michael Saylor’s @saylor long-standing "never… pic.twitter.com/GfLPMmd2SP

— Cult of Blockchain (@BlockchainCult) April 9, 2025

However, it is to be noted that this is merely a speculation. No official confirmation/statement has been made public as of yet.

How Many BTC Does Strategy Hold?

Per a Cult of Blockchain post on X, Strategy currently holds 528,185 Bitcoin.

“Since Trump’s November 2024 election win. Strategy has acquired 275,965 BTC at an average price of $93,228. Now facing an unrealized loss of $4.6 billion. The firm currently holds 528,185 $BTC at an average cost of $67,458 per #bitcoin, valued at $40.119 billion.”

Current Saylor Stance

Saylor’s current stance, per his latest crypto posts on X, seems to be intact. His latest post talks about Bitcoin’s increasing status as “digital gold,” evidently outlining his likeness and dedication towards the digital asset.

Bitcoin is Digital Gold pic.twitter.com/FkE0Ynm8KC

— Michael Saylor (@saylor) April 8, 2025

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