Michael Saylor, co-founder of Strategy, reported that the Bitcoin treasury company would resume its BTC purchases this week, following an earnings conference call on Tuesday, during which he said the company could periodically sell some of its treasury.
“Back to work, BTC”, Saylor said in a publication X on Sunday, a message which preceded a purchase of BTC, generally the day after its publications.
The company last purchased BTC on April 27. buy 3,273 pieces for approximately $255 million, bringing his total holding to 818,334 BTC. These assets were worth approximately $61.8 billion, according to on the Strategy website at the time of publication.
History of Bitcoin purchases by the strategy since 2020. Source: SaylorTracker.com
The company suspended its BTC buying streak for a week ahead of Tuesday’s first-quarter 2026 earnings conference call, during which Saylor said the company could sell part of your Bitcoin holdings periodically to pay dividends to the holders of its credit instruments.
The announcement appears 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.
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Strategy CEO says dividend-funded sale could ‘inoculate’ market
“We’ll probably sell Bitcoin to fund a dividend, just to inoculate the market, just to send the message that we’ve done it,” Saylor said during Strategy’s first quarter results. call.
The announcement received mixed reactions from the Bitcoin community, with some, like strategy investor Adam Livingston, argue that periodic sales will be accretive to the company’s cash flow, allowing it to finance the purchase of more BTC in the future.
Bitcoin per Strategy share since 2020, measured in sats, the basic unit of Bitcoin. Source: SaylorTracker.com
Bitcoin advocate Samson Mow said Strategy’s ability to sell BTC gives it an option and greater room for maneuver in financial markets.
Other sentiments on social media laid Bitcoin sales and credit instruments from this strategy will create a “doom loop” that suppresses the spot market price of BTC.
The strategy’s CEO, Phong Le, clarified that the company would only sell BTC in specific casesincluding dividend payments and tax deferral, and that neither its sales nor its purchases should affect the market price of Bitcoin.
Bitcoin’s average daily trading volume of more than $60 billion could easily absorb Strategy’s $1.5 billion in annual dividends owed to holders of its business credit products, he said. said.
“I don’t think we’re driving prices up or down,” Le said. said CNBC, adding that the company holds around 4% of the total BTC supply.
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