Michael Saylor wants to make one thing very clear: Strategy is not dumping its Bitcoin. Not now. Not in any scenario that matters.
The executive chairman of Strategy, the company formerly known as MicroStrategy, responded to growing speculation that the firm might be forced to sell portions of its massive Bitcoin treasury to cover financial obligations. His answer was essentially: sure, we might sell a coin or two, but we’d be buying 10 to 20 more for every one that leaves.
The math behind the messaging
The company now holds 818,334 BTC, acquired at an average price of roughly $75,537 per coin. The company reported a staggering $12.54 billion net loss in Q1 2026, a figure that immediately raised eyebrows about whether the firm could sustain its current trajectory without liquidating some of its holdings.
Strategy carries approximately $1.5 billion in annual dividend obligations. Saylor’s answer is that Strategy funds its operations and Bitcoin acquisitions through a combination of equity issuances and debt instruments.
