Saylor Just Broke His Never-Sell Rule. Bitcoin Dropped Instantly. #bitcoin

Michael Saylor just broke the never-sell rule. On Strategy's Q1 2026 earnings call, Saylor said the company would probably sell Bitcoin to fund dividends. Strategy holds over 818,000 BTC — nearly 4% of all Bitcoin that will ever exist — and has been the single biggest buyer for two years. We break down what this reversal means, how it changes the demand structure of the market, and what the Hormuz MOU negotiations could mean for Bitcoin next.