Michael Saylor just made a surprising announcement. His company, Strategy may sell Bitcoin .
The purpose? To fund dividend payments.
This marks a clear shift. For years, Saylor said Strategy would only buy Bitcoin and never sell.
Strategy may sell Bitcoin to reduce market doubt
During Strategy’s first-quarter earnings call, Saylor explained his reasoning.
“We’ll probably sell some Bitcoin to fund a dividend, just to inoculate the market,” he said.
He added that the move would show everyone that “the company’s fine, the Bitcoin’s fine, the industry’s fine, the world didn’t come to an end.”
A large Q1 loss drives the conversation
Strategy reported a first-quarter net loss of 12.54 billion. That equals 38.25 per common share.
According to the company, the lower value of its Bitcoin holdings caused this loss.
As of May 3, 2026, Strategy held 818,334 BTC. That is a 22% rise in its Bitcoin holdings since the start of the year.
In addition, Strategy reported a 9.4% BTC Yield. The company also raised $11.68 billion year to date.
Why Strategy may sell Bitcoin for dividends
Importantly, Saylor did not present this as a forced action. Instead, he framed it as a way to fund dividends and reduce market doubt about its ability to meet payments.
He believes investors will then see that the company can sell without creating panic.
This statement comes after years of public comments where Saylor defended a long-term Bitcoin accumulation strategy. For example, in February, he said he expected Strategy to buy Bitcoin every quarter forever. He also claimed the company could handle a deep Bitcoin drawdown without selling.
Bitcoin gain remains central to Strategy’s story
Saylor continues to promote Strategy’s Bitcoin‑based performance metrics. In a recent update, he said the company had generated 63,410 BTC in Bitcoin Gain since the start of 2026. At current prices, that is worth about $5.1 billion.
That report also stated that Strategy’s holdings represent about 3.9% of Bitcoin’s fixed 21 million supply.
Saylor has described Bitcoin Gain as close to net income under a Bitcoin‑based reporting model.
