Key Takeaways

Saylor says MSTR could become the top-performing global stock within 4–8 years.

He revealed when Strategy would sell Bitcoin.

Despite volatility, the company continues to accumulate BTC.

Speaking at Binance Blockchain Week on Wednesday, Dec. 3, Strategy executive chairman Michael Saylor said the company expects to become the best-performing stock in global markets within the next four to eight years.

However, the founder also laid out the conditions under which the firm might finally sell — and that possibility may be closer than many realize.

However, the passionate founder also outlined the circumstances under which the firm would consider selling its holdings, and it may be becoming more of a possibility than many think.

Saylor pointed to the company’s dividend capacity as a key indicator of financial stability.

“We’re going to be the number one stock,” he said, predicting that MSTR shares would outperform all other listed companies within the next decade.

He added that Strategy remains in good shape as long as it continues paying roughly $800 million in annual dividends.

The comments follow a difficult start to the month for the firm, during which its market capitalization briefly fell below the net value of its Bitcoin holdings.

Strategy currently holds 650,000 BTC, worth roughly $55.2 billion at the time of reporting.

Following comments from CEO Phong Le suggesting the company could be compelled to sell Bitcoin if its shares were to trade below the value of its underlying holdings, attention has turned to Saylor’s long-standing “never sell” message.

However, Saylor indicated there is a threshold for how long the company would hold, even if his overall stance remains highly bullish.

Addressing when, if ever, Strategy might sell part of its Bitcoin stack or Bitcoin derivatives, Saylor said the company would only consider it if its net asset value (NAV) fell below 1.

He described this as the only condition that could force a sale.

A key metric for Strategy is its mNAV, or “multiple to net asset value.”

This figure compares the company’s estimated enterprise value, currently about $65.2 billion, with the market value of the Bitcoin it holds.

As of Dec. 2, the mNAV stood at 1.15, indicating that investors value the company at roughly 15% above the worth of its Bitcoin reserves.

If the mNAV were to fall below 1, which is when Saylor said they would start selling Bitcoin, the situation would quickly become precarious.

A sub-1 reading means the market believes Strategy is worth less than the Bitcoin it owns, which happened briefly on Nov. 13.

In that scenario, the rationale for owning the stock disappears and confidence in Saylor’s mass accumulation strategy will evaporate.

Saylor and Strategy have consistently downplayed risk during periods of volatility for Bitcoin.

After the asset dropped in price last week, Strategy stated on X that even if Bitcoin were to fall back to its average purchase price of about $74,000, its holdings would still cover outstanding convertible debt multiple times over.

On Monday, Saylor announced that Strategy had acquired a further 130 BTC for $11.7 million.

The purchase came just before a rebound in Bitcoin, which has seen prices climb back toward $93,030 at the time of reporting, up 7% in 24 hours.

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