Strategy to buy 10-20 Bitcoin for each sold

Strategy Chairman Michael Saylor said in weekend interviews that the company will aim to purchase 10 to 20 bitcoin for every one it sells and may use part of its bitcoin holdings to fund dividends on its STRC perpetual preferred stock program. The comments followed the company’s recent earnings call.

On a podcast, Saylor said occasional sales of bitcoin would be offset by larger purchases. “In these periods, even if we were to sell one bitcoin, we'd be buying 10 to 20 more bitcoin,” he told the audience, and urged holders to replenish any bitcoin they spend so they finish each year with more than they started.

Chief Executive Phong Le said in a separate interview that the company will consider selling bitcoin to pay STRC dividends when doing so is more accretive to shareholders on a bitcoin-per-share basis. “I believe in math over ideology,” he said, adding the decision will depend on whether selling bitcoin or issuing equity better preserves bitcoin-per-share for common shareholders.

During last week’s earnings call Strategy said it has the flexibility to pause sales of its common stock and use bitcoin sales to support the STRC program while continuing to aim for net growth in its bitcoin holdings.

The company reported holding 818,334 bitcoin, a position valued at about $66.2 billion at recent prices. Analysts at a major bank estimated Strategy could buy roughly $30 billion of bitcoin this year if its recent pace continues. Saylor posted “Back to work. BTC.” on X over the weekend; similar posts from him have often been followed by new purchases.

Le also outlined developments in Strategy’s software and AI work, saying the software business had its strongest quarter in a decade in the first quarter of 2026, with revenue up 12 percent. He described an AI data foundation called Mosaic that provides a semantic layer for enterprise data and said the company is rebuilding internal systems with multiple AI models to automate core workflows over the next year.

Strategy’s Nasdaq-listed shares (MSTR) closed up 4.31 percent at $187.59. The stock has gained 41.7 percent over the past month and is down 18.9 percent over the past six months.

The company’s statements outline a plan to replenish bitcoin after any sales and describe circumstances under which bitcoin sales could be used to finance STRC dividend payments while pursuing net accumulation over time.