At Consensus 2026, discussions centered around Bitcoin's market dynamics, with a focus on Strategy's controversial Bitcoin sales. The panel, featuring insights from Michael Saylor, explored the rationale behind selling Bitcoin, despite the "never sell" philosophy. Saylor emphasized that Strategy often buys more Bitcoin than it sells, leveraging market liquidity and arbitrage opportunities. The conversation also delved into STRC trading patterns and their impact on Bitcoin purchases. Panelists discussed macroeconomic risks, Federal Reserve policies, and their influence on Bitcoin's price. Additionally, the role of Bitcoin as digital capital and credit was highlighted, alongside Strategy's dominance in preferred stock issuance and the future of AI and digital credit.