Michael Saylor hints at upcoming Bitcoin acquisition following Q1 statement on potential sales
Strategy's co-founder has indicated the world's largest Bitcoin treasury firm plans to expand its BTC holdings this week, with another purchase anticipated on Monday.
Strategy co-founder Michael Saylor has indicated that the firm specializing in Bitcoin treasury management will continue its BTC acquisition activity this week. This comes after a Tuesday earnings call where he mentioned the possibility of the company occasionally liquidating parts of its holdings.
In a Sunday post on X, Saylor wrote "Back to work, BTC," using language that has historically signaled an imminent Bitcoin purchase, typically executed the following day after such announcements.
Strategy's most recent BTC acquisition took place on April 27, when the firm acquired 3,273 coins at a cost of approximately $255 million. This transaction elevated the company's cumulative holdings to 818,334 BTC. At publication time, Strategy's website valued these holdings at roughly $61.8 billion.
A one-week hiatus in the company's BTC acquisition activity preceded Tuesday's first quarter 2026 earnings call. During that call, Saylor indicated that Strategy might occasionally liquidate portions of its Bitcoin treasury to distribute dividends to investors holding its debt instruments.
This statement seemed to conflict with the firm's longstanding position of maintaining its BTC without selling, and detractors suggest such sales could negatively impact Bitcoin's market valuation by adding downward pressure.
Strategy CEO says dividend-funding sale could "inoculate" the market
During Strategy's Q1 earnings call, Saylor stated: "We'll probably sell some Bitcoin to fund a dividend, just to inoculate the market, just to send the message that we did it."
The Bitcoin community's response to this announcement was divided. Some observers, including Strategy investor Adam Livingston, contended that implementing periodic sales would ultimately benefit the company's treasury strategy by generating capital for additional BTC acquisitions down the line.
Bitcoin proponent Samson Mow commented that having the flexibility to sell BTC provides Strategy with additional options and enhanced strategic flexibility within financial markets.
Conversely, some social media commentary suggested that Strategy's Bitcoin liquidations combined with its credit products could trigger a "doom loop" that would suppress BTC's spot market valuation.
Phong Le, Strategy's CEO, provided clarification that Bitcoin sales would only occur under certain circumstances, such as funding dividend distributions and managing tax obligations, and emphasized that neither the company's buying nor selling activities should materially impact Bitcoin's market price.
Le explained that Bitcoin's daily average trading volume exceeding $60 billion has sufficient capacity to absorb the company's $1.5 billion in yearly dividend obligations to holders of its corporate debt securities.
In an interview with CNBC, Le stated, "I don't think we're driving the price up or down," while noting that Strategy controls approximately 4% of Bitcoin's entire supply.