Michael Saylor, CEO of industry-leading digital asset manager Strategy, has suggested that his company may soon resume its Bitcoin purchasing spree. Taking to social media on Sunday, Saylor simply posted, “Back to work, BTC,” sparking widespread speculation that the firm was preparing for another round of significant acquisitions. Historically, similar statements by Saylor have often foreshadowed major Bitcoin buys.
Shift in BTC reserve strategy
According to the company’s updated public records, Strategy last increased its Bitcoin reserves on April 27, acquiring 3,273 BTC and bringing its total holdings to 818,334 BTC. At the time of purchase, this reserve was valued at approximately $61.8 billion. Since 2020, Strategy has been known for making substantial and regular Bitcoin purchases, establishing itself as one of the largest corporate holders.
In a departure from this pattern, the management team paused all BTC purchases for a week ahead of the firm’s first-quarter 2026 earnings presentation. During the meeting, Michael Saylor indicated that the company may occasionally sell Bitcoin from its reserves to fund dividend payments on its credit-linked financial products.
“To fulfill dividend payments for our exchange-traded credit products, we may periodically sell some Bitcoin; our aim is to show the market this is a standard operational move.”
This statement marked a departure from Strategy’s long-held “never sell” policy, leading to a flurry of debate within the crypto community. Critics voiced concerns that the willingness to sell could increase selling pressure and negatively affect Bitcoin’s price.
Market and community reactions
Some shareholders, such as Adam Livingston, see these occasional sales as a way to reinforce Strategy’s balance sheet and potentially free up resources for future Bitcoin acquisitions. Meanwhile, Bitcoin advocate Samson Mow welcomed the increased flexibility, arguing that it provides Strategy with greater agility in financial markets. However, some social media voices warned that selling and the use of credit products may spark a ‘vicious cycle’ that could drag down BTC prices.
CEO Phong Le addressed these concerns, explaining that any sales would be limited to covering dividend payments and tax deferral situations. He emphasized that neither the firm’s purchase nor sale volumes would have a meaningful impact on the broader crypto market or on BTC’s price.
“With average daily Bitcoin trading volumes exceeding $60 billion, our anticipated $1.5 billion in BTC sales for annual dividends is easily absorbed within the market.”
Phong Le further clarified that the company’s BTC holdings account for roughly 4% of the total Bitcoin supply. He insisted that Strategy’s actions are unlikely to strongly move the price up or down, a point seen as reassuring for institutional investors.
Platforms that track Strategy’s Bitcoin holdings per share and in satoshis reveal that the firm has consistently expanded its position since 2020. The latest developments signal the company’s transition into a new strategic phase.
