Michael Saylor’s Strategy May Sell Bitcoin After $12.5B Q1 Loss to Fund Dividends

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Michael Saylor’s Strategy may sell <a href="https://jpyxx.com/btc-usd/">Bitcoin</a> after $12.5B Q1 loss

Michael Saylor, the executive chairman of Strategy, indicated the company might sell some of its Bitcoin to help pay dividends to shareholders.

Summary

  • Saylor said Strategy may sell Bitcoin to fund dividends after reporting a large first-quarter loss.
  • Strategy holds 818,334 BTC, but preferred stock dividends are raising questions about future funding pressure.
  • Recent Bitcoin gains remain central as investors watch whether MSTR can balance debt and dividends.

The statement signaled a change from his previous consistent message that the company would continue to purchase Bitcoin and never sell it.

During a recent earnings call, MicroStrategy’s Saylor explained they might sell some Bitcoin to fund a dividend payment. He believes this would reassure investors that the company, Bitcoin, and the broader industry are all stable and healthy, despite any concerns.

Strategy reports large Q1 loss

As a researcher following Strategy, I’ve noted they reported a significant net loss of $12.54 billion for the first quarter, which translates to $38.25 per share. The primary reason for this loss appears to be a decrease in the value of their Bitcoin holdings over that period.

As of May 3, 2026, the company held 818,334 Bitcoin, a 22% increase from the beginning of the year. They also reported a 9.4% return on their Bitcoin investments and have raised $11.68 billion so far this year.

Saylor indicated that selling some Bitcoin isn’t a necessary step, but a possible option to help fund dividends and reassure investors about the company’s ability to make payments.

He explained that this would demonstrate the company’s ability to sell its holdings without causing a market downturn. This followed years of Saylor publicly supporting a strategy of steadily building up its Bitcoin reserves.

Saylor stated in February that Strategy plans to purchase Bitcoin continuously, each quarter indefinitely. He also expressed confidence that the company could withstand a significant drop in Bitcoin’s value without needing to sell any of its Bitcoin.

STRC dividends draw more attention

Strategy has been using preferred stock, specifically a product called STRC, to help fund its Bitcoin purchases. STRC provides a regular monthly income and is now an important component of how the company manages its finances.

As we previously reported, Strategy stopped buying Bitcoin before releasing its first-quarter financial results, focusing instead on the cost of its STRC dividend. The report also revealed that Strategy’s last Bitcoin purchase was 3,273 BTC for around $255 million, increasing its total holdings to 818,334 BTC.

Analysts are also wondering if Strategy will be able to continue paying its dividends if the price of Bitcoin doesn’t increase quickly enough. The company needs around $1.5 billion each year to cover its dividend and interest payments.

Bitcoin gain remains central to Strategy story

Saylor has been consistently highlighting how well his company is doing with Bitcoin. He recently announced that, since the beginning of 2026, they’ve earned 63,410 BTC – which is worth around $5.1 billion based on today’s prices.

The report also noted that Strategy owns approximately 3.9% of the total Bitcoin in existence, which is capped at 21 million. Michael Saylor has explained that the profits from Bitcoin are similar to net income when calculated using a Bitcoin-focused accounting system.

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2026-05-06 08:54