Michael Saylor Hints at Pragmatic Bitcoin Sales to Cover Dividends

Strategy (MSTR), the largest publicly listed corporate holder of Bitcoin, has indicated it may begin selling portions of its BTC reserves to fund dividend payments.

During the Q1 2026 earnings call, Executive Chairman Michael Saylor said selective Bitcoin sales could be used to meet payout obligations. He added that this approach would “inoculate the market” while preserving operational flexibility. Strategy currently holds 818,334 BTC, acquired at an average cost of $75,537 per coin, and reported a $12.54 billion net loss for Q4.

The company faces roughly $1.5 billion in dividend and interest commitments, with current reserves providing an estimated 18 months of coverage.

Saylor also reiterated Strategy’s leveraged accumulation strategy, which uses debt to acquire Bitcoin, relies on price appreciation over time, and allows for periodic asset sales when necessary to meet financial obligations.

Markets reacted negatively to the comments, with Strategy shares falling more than 4% in after-hours trading. Meanwhile, Bitcoin briefly dipped below $81,000.

Source: https://x.com/WuBlockchain/status/2051846531138150446?s=20