Saylor: Strategy May Sell Bitcoin as BlackRock Files BITA ETF

At the BTC Prague conference, Michael Saylor clarified that Strategy can sell bitcoin when needed after a small on-chain transfer tied to the firm coincided with a market dip. Analysts highlighted a movement of 32 coins that helped push bitcoin back toward roughly $60,000. Saylor told attendees he had “never said the company could not sell bitcoin,” and added the firm retains flexibility to dispose of holdings if required.

BlackRock’s iShares unit filed an amendment for the iShares Bitcoin Premium Income ETF proposing a 0.65% sponsor fee. The filing indicates the fund would generate income by selling covered call options on bitcoin, primarily out-of-the-money calls to collect premiums. The document notes the strategy can produce income in flat or declining markets while limiting upside in sharp rallies. If approved, the ETF is expected to trade on Nasdaq under the ticker BITA.

Commodity Futures Trading Commission Chair Mike Selig said U.S. crypto markets have operated under uncertainty and pledged to move away from regulation by enforcement. He outlined a Project Crypto agenda intended to provide clearer guidance for market participants.

Analytics firm Santiment reported XRP’s weighted sentiment fell to its lowest level since October 2025 as the token slid toward about $1.10. Venture investor Tim Draper said quantum computing could pose a greater near-term risk to traditional banks than to bitcoin, arguing banks’ systems might be affected before bitcoin’s network.

Strategy has held a large bitcoin position for years and its founder frequently comments publicly on the holdings. BlackRock’s filing is one of several applications from large asset managers seeking funds that combine spot bitcoin exposure with option-writing strategies.

Covered-call ETFs collect option premiums and can provide periodic income. These funds sell call options that may cap gains during rapid price increases while generating premiums when markets are flat or falling.