TLDR
- Michael Saylor’s latest post raised market focus on Strategy’s possible Bitcoin acquisition update next week.
- Strategy may sell Bitcoin only when the move supports shareholder value and Bitcoin per share.
- CEO Phong Le said STRC dividends changed how Strategy reviews Bitcoin sales and funding choices.
- Strategy holds 818,334 BTC, making it the largest public corporate Bitcoin holder.
- The company says Bitcoin liquidity remains enough to handle any planned dividend-related sales.
Michael Saylor has drawn fresh attention from the crypto market after posting, “Back to work.” The post mentioned BTC, STRC, and MSTR, and it followed his latest comments at Consensus 2026.
According to Odaily, Saylor may share data on more Bitcoin acquisitions next week. The update comes as Strategy faces questions about its Bitcoin treasury plan.
Strategy CEO Phong Le said the company could sell Bitcoin under limited conditions. He said the firm would only do so when the move helps shareholders.
Le linked the decision to Strategy’s Stretch preferred stock, also called STRC. The product carries an 11.5% dividend and has changed the firm’s funding choices.
He said, “We have raised $8.5 billion in 10 months.” He added that Strategy now reviews whether Bitcoin sales can create value.
Le also said any sale must be “accretive to Bitcoin per share.” He said this may happen when the company trades below book value or mNAV falls.
STRC Dividends Add New Pressure
Strategy may use Bitcoin sales to fund yield payments in some cases. However, Le said the company still compares that option with equity issuance.
The comments followed earlier remarks from Saylor about possible Bitcoin sales for dividends. Those remarks caused concern among investors and pushed MSTR shares lower.
Le said the firm also may sell Bitcoin for tax planning. This may include deferred gains or tax losses, depending on market conditions.
He also defended Strategy’s debt position. He said leverage remains near 10% to 15%, while amplification is around 35%.
Market Watches Saylor’s Next Bitcoin Move
Strategy currently holds 818,334 BTC. Its average purchase price is about $75,537 per coin.
Le said Bitcoin liquidity remains strong. He noted that Bitcoin trades above $60 billion each day.
He said Strategy’s annual dividend is small compared with daily Bitcoin volume. Because of that, he said liquidity is not a major concern.
Saylor’s latest message has kept attention on the company’s next update. Traders now watch whether Strategy confirms another Bitcoin purchase next week.
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