According to the 8-K form submitted by Strategy to the U.S. Securities and Exchange Commission (SEC) on April 7, if the price of Bitcoin continues to decline, Strategy may be forced to sell its Bitcoin holdings to meet debt obligations, breaking Michael Saylor's promise of 'never selling Bitcoin'.

In the 8-K form, Strategy mentioned that since Bitcoin constitutes the vast majority of our assets on the balance sheet, if we are unable to obtain equity or debt financing in a timely manner (or at all) on favorable terms, we may be forced to sell Bitcoin to fulfill financial obligations and may have to sell at prices below cost or other unfavorable prices.

Since Trump won the election in November 2024, Strategy has purchased 275,965 BTC at an average price of $93,228 (totaling $25.73 billion), and this portion has incurred an unrealized loss of $4.6 billion. According to StrategyTracker data, Strategy currently holds 528,185 BTC, with an average cost of $67,458, valued at $40.12 billion.