Michael Saylor, the man who turned a mid-tier software company into the world’s largest corporate Bitcoin piggy bank, is doing something he swore he’d never do: selling Bitcoin.
But before anyone panics, here’s the thing. Strategy, formerly MicroStrategy, plans to sell roughly 0.2% of its Bitcoin holdings per month while simultaneously buying back five to ten times that amount.
The tactical sell that isn’t really a sell
During Strategy’s Q1 2026 earnings call on May 5, Saylor laid out the new playbook. The company, which held over 818,000 BTC at the time of the call, would begin modest monthly sales to generate cash for dividends on its STRC perpetual preferred stock.
“Even if we were to sell one Bitcoin, we’d be buying 10 to 20 more Bitcoin.”
