Written by Vince Quill, Staff Writer. Reviewed by Robert Lakin, Staff Editor.
Written by Vince Quill, Staff Writer.
Reviewed by Robert Lakin, Staff Editor.
Saylor signals another Bitcoin buy after hinting at selling in Q1 earnings call
Latest NewsPublishedMay 10, 2026
Saylor’s latest post suggests Strategy may resume buying after executives stated the firm could sell BTC to fund dividends or offset taxes.
Michael Saylor, co-founder of Strategy, signaled that the Bitcoin treasury company may resume BTC purchases this week after saying on Tuesday’s earnings call that the company could periodically sell portions of its holdings.
“Back to work, BTC,” Saylor stated in a Sunday X post, using language that has previously preceded a Strategy BTC purchase, typically revealed the day after his posts.
Strategy last purchased Bitcoin on April 27, buying 3,273 BTC for about $255 million and bringing its total holdings to 818,334 BTC at an aggregate purchase price of about $61.8 billion, as reported by Strategy’s website.
Strategy’s history of Bitcoin purchases since 2020. Source: SaylorTracker.com
The company paused its BTC buying streak for one week ahead of Tuesday’s first quarter 2026 earnings call, in which Saylor stated that the company could sell portions of its Bitcoin holdings periodically to pay dividends to holders of its credit instruments.
The announcement appeared to contradict the company’s previous stance of never selling BTC, and the sales could weigh on Bitcoin’s market price by introducing new selling pressure, critics of the move say.
Related: Bitcoin’s recent rally is largely fueled by Strategy purchases: Bitwise’s Hougan
Saylor says dividend-funding sale could “inoculate” the market
“We’ll probably sell some Bitcoin to fund a dividend, just to inoculate the market, just to send the message that we did it,” Saylor stated during Strategy’s Q1 earnings call.
The announcement drew mixed reactions from the Bitcoin community, with some, like Strategy investor Adam Livingston, arguing that periodic sales will be accretive for the company’s treasury, allowing it to finance the purchase of more BTC in the future.
Strategy’s Bitcoin per share since 2020, measured in sats, the base unit of Bitcoin. Source: SaylorTracker.com
Bitcoin advocate Samson Mow stated Strategy’s ability to sell BTC gives it optionality and greater room to maneuver in the financial markets.
Others social media sentiment posited that Strategy’s Bitcoin sales and credit instruments will create a “doom loop” that suppresses the spot market price of BTC.
Strategy CEO Phong Le clarified that the company would only sell BTC in specific instances, including paying dividend yields and deferring taxes, and that neither its sales nor purchases should affect Bitcoin’s market price.
Bitcoin’s average daily trading volume of more than $60 billion could easily absorb Strategy’s $1.5 billion in annual dividend payments owed to holders of its corporate credit products, he stated.
“I don’t think we’re driving the price up or down,” Le told CNBC, adding that the company owns about 4% of the total BTC supply.
Magazine: Big Questions: Can Bitcoin save you from the dreaded Cantillon Effect?
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- Michael Saylor
- MicroStrategy
- Bitcoin
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