Michael Saylor: Strategy has never had a "never sell" policy. The BTC monetization program was announced 31 days before the Q2 2026 earnings release, not after the company announced a loss. However, this program does NOT require selling Bitcoin, and the company still expects to remain a net buyer of BTC in the long term. Saylor also noted that since the inception of the 200-week moving average, Bitcoin has traded above that level 92% of the time. The price is currently trading near that line.