Michael Saylor, CEO of Strategy company, known for its significant purchases of Bitcoin and a pioneer in digital asset management, signaled that the company will start purchasing Bitcoin again. When Saylor shared a post on social media saying “Back to work, BTC” on Sunday, the expectation that the company was preparing for a new acquisition quickly spread in the markets. In the past, Saylor’s posts like this often came just before big purchases.
New era in BTC reserves: Sales are on the agenda
According to the website where Strategy company updates its information, it last purchased 3,273 Bitcoins on April 27, increasing its total reserves to 818,334. The value of these Bitcoins was calculated to be approximately $61.8 billion at the time of purchase. The company has been regularly purchasing significant amounts of Bitcoin since 2020.
However, this time, contrary to usual, the management paused BTC purchases for a week before the first quarter 2026 earnings meeting. At the meeting, Michael Saylor pointed out that some Bitcoins in reserve could be sold periodically to pay dividends to the owners of credit financial products.
“We may sell Bitcoin from time to time to cover the dividend payment on our exchange-traded credit products, so we want to tell the market that this is a normal operation.”
This statement by Saylor caused different comments in the community, as it contradicted the “we never sell” approach that the company has maintained to date. Critics have raised the possibility that this new attitude determined by the strategy will create additional seller pressure on the markets and negatively affect the Bitcoin price.
Reactions in the community and markets
Some names, such as Adam Livingston, one of Strategy’s investors, think that occasional sales will strengthen the company’s coffers and provide resources for additional Bitcoin purchases in the future. While Bitcoin advocate Samson Mow argued that this flexibility gave Strategy more room to maneuver in the financial market, some users on social media suggested that the sales and loan products offered could create an undesirable “vicious circle” in the BTC price.
Strategy CEO Phong Le stated that these sales will only come into play in special cases such as dividend payments and tax deferral, and that neither the company’s purchases nor sales will significantly affect the price of BTC in the cryptocurrency market.
“The average daily Bitcoin transaction volume is over $60 billion. The $1.5 billion BTC sale that will be allocated for our annual dividend can easily be absorbed within this volume.”
Phong Le stated that the company’s BTCs correspond to approximately 4 percent of the total supply, so the company’s moves will not move the price up or down. This information was considered an important assurance, especially for institutional investors.
Platforms tracking Strategy’s Bitcoin holdings on a per share and “sats” basis reveal that the company has had a constantly growing position since 2020. Recent developments indicate that the company has entered a new strategic period.
