Tldr:
- Head of strategy Michael Saylor confirmed that the company will buy between 10 and 20 bitcoins for every bitcoin it sells.
- Bitcoin sales will only fund STRC’s earnings when they are more accretive than stock sales, CEO Phuong Le said.
- The strategy holds 818,334 BTC worth approximately $66.2 billion, and JPMorgan expects $30 billion in purchases this year.
- Strategy’s software segment posted its strongest quarter in a decade, with first-quarter 2026 revenue up 12%.
Head of strategy Michael Saylor It reaffirmed the company’s commitment to accumulating bitcoin, even as the possibility of spin-off sales increases.
In multiple interviews over the weekend, Saylor said that any bitcoin sold would be replaced by much larger purchases. The comments came on the heels of Strategy’s earnings call last week, during which it acknowledged that the company could tap its Bitcoin reserves to fund its dividend.
The company’s STRC perpetual preferred stock program has been cited as the likely reason for any such move.
Saylor sets record in net accumulation
Saylor addressed this issue directly during a podcast interview over the weekend, disputing any notion that the company has become a net seller.
When asked about the possibility of liquidating the property, he was unequivocal. “In these periods, even if we sell one bitcoin, we will buy an additional 10 to 20 bitcoins,” he said, confirming that purchases will always outperform sales by a large margin.
He also took the opportunity to clarify his well-known position on holding Bitcoin for the long term. Saylor explained that spending Bitcoin is acceptable, as long as the position is replenished immediately.
“You don’t want to be a net seller of bitcoin because bitcoin is capital. You want to end each year with more bitcoin than you started the year,” he added, clarifying this point.
On Sunday, Saylor took to X to send a brief but familiar message to his followers. His post read: “Back to work. Bitcoin.” In the past, similar weekend posts always preceded new Bitcoin purchases announced the following week. Analysts and investors continue to track those posts as early signals of upcoming transactions.
strategy It currently owns 818,334 Bitcoin, worth approximately $66.2 billion. JPMorgan analysts indicated last week that the company’s buying pace could approach $30 billion this year if it continues. This trajectory places the strategy among the most active institutional Bitcoin pools on the market.
The CEO and software business add broader context
Strategy CEO Phong Le offered his own perspective on Bitcoin sales during an interview on CNBC interview On Friday, the decision was framed around shareholder value rather than principle.
Asked whether ideology would prevent the company from selling, Lu was direct. “I believe in mathematics more than ideology,” he said, adding that selling Bitcoin to fund finance STRC’s profits It will only happen when it is “more accretive to our shareholders” on a bitcoin per share basis.
Lu explained that the decisive factor is the accumulation of Bitcoin per share. If selling Bitcoin improves this metric more than selling stocks, the strategy will go this route. This approach reflects a disciplined, data-driven approach to capital management.
Beyond bitcoin, Le also took to X on Sunday to address the company’s broader brand identity, writing that Strategy’s success is rooted in “more than just bitcoin” on its balance sheet.
He pointed to the company’s software and artificial intelligence business as a growing source of value. The first quarter of 2026 saw the sector’s strongest performance in the past decade, with revenues up 12%.
Lou also revealed You have history An organization called “Mosaic,” designed to provide an AI-driven semantic layer to enterprise data. Expanding on the company’s internal transformation, he wrote:
“Over the next year, I expect we will automate many core workflows and replace much of our internal enterprise software.” Strategy’s Nasdaq-listed shares recently closed 4.31% higher at $187.59, up 41.7% over the past month.
