Michael Saylor, the executive chairman of MicroStrategy, said companies holding Bitcoin face persistent skepticism from traditional finance — but argued that strategic sales of the cryptocurrency can actually enhance liquidity. Speaking on The Pomp Podcast, as reported by Crypto Briefing on Thursday, Saylor framed Bitcoin's current undervaluation as a unique investment opportunity for corporate treasuries willing to look past the stigma. The comments come as more public companies weigh how to manage their digital asset holdings amid a shifting regulatory landscape.
The TradFi trust gap
Saylor acknowledged that mainstream banks and institutional investors still view corporate Bitcoin holdings with suspicion. That wariness, he suggested, stems from the asset's volatility and the lack of a deep, regulated lending market tied to it. For firms that have loaded up on BTC — MicroStrategy itself holds more than 200,000 bitcoin — the skepticism can make it harder to secure traditional credit lines or favorable terms from counterparties.
Selling as a weapon, not a retreat
Rather than simply hoarding Bitcoin indefinitely, Saylor proposed that companies can improve their financial flexibility by occasionally selling a portion of their stack. The revenue from those strategic sales, he argued, provides cash that can be deployed for operations, debt repayment, or new investments — all without abandoning a long-term bullish thesis. “It’s not about getting out,” he said on the podcast. “It’s about giving yourself options.” The concept flips the usual narrative that selling Bitcoin is a sign of weakness.
The undervaluation angle
Saylor also hammered home his belief that Bitcoin is mispriced relative to its fundamental qualities. He called the current market price an anomaly that won't last, urging corporate leaders to view the gap as a buying opportunity rather than a reason to hold back. For MicroStrategy, that conviction has meant adding to its position even during drawdowns. Saylor's message is that companies should treat Bitcoin like any other scarce asset — buy when it's cheap, and don't let short-term noise dictate long-term strategy.
Whether other corporate treasuries follow suit remains an open question. The next big test will come later this month when MicroStrategy reports its quarterly earnings and discloses any changes to its Bitcoin position.
