Michael Saylor finally wants to sell Bitcoin

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Strategy Inc. (NASDAQ: MSTR) reported a nett nonaccomplishment of $12.54 cardinal for the archetypal 4th of 2026.

The nonaccomplishment was astir wholly driven by a $14.46 cardinal unrealized loss, as Bitcoin terms crashed to $62,000 during the quarter, acknowledgment to the United States-Israel-Iran war.

However, things mightiness alteration successful however the institution handles its existing Bitcoin (BTC) stash.

Related: The lone happening amended than Bitcoin is...MSTR?

A bigger Bitcoin buying spree

Strategy continued buying Bitcoin passim the 4th contempt the volatility.

In fact, the institution purchased 89,599 BTC successful the archetypal 4th astatine an mean terms of $80,900, totaling $7.3 billion.

As of May 3, it held 818,334 Bitcoin, astir 3.9% of each Bitcoin that volition ever exist, astatine a full outgo ground of $61.81 billion.

This assertive buying strategy prompted expert Taiki Maeda to telephone the adjacent buying model successful advance.

Tracking Strategy's STRC ex-dividend cycles, helium projected $2 cardinal to $3 cardinal successful Bitcoin purchases implicit the 2 weeks starring into the May 14 ex-dividend date, accordant with the escalating signifier seen successful the March and April cycles, which totaled $1.54 cardinal and $3.47 billion, respectively.

The net blackout compressed that buying window, but with results present public, the machinery is escaped to restart.

The Bitcoin merchantability cipher saw coming

Strategy is present much inclined toward selling immoderate of their Bitcoin alternatively of conscionable buying.

During the net call, Executive Chairman Michael Saylor told analysts the institution would apt merchantability immoderate Bitcoin.

"We volition astir apt merchantability immoderate Bitcoin to money a dividend conscionable to inoculate the marketplace — conscionable to nonstop the connection that we did it," Saylor said.

President and CEO Phong Le elaborated connected the broader shift. Strategy is present actively considering selling Bitcoin to money dividends, bargain backmost convertible debt, oregon physique its USD reserve, whichever commercialized is astir accretive to Bitcoin per stock connected immoderate fixed day.

"We volition merchantability Bitcoin erstwhile it is advantageous to the company," Le said. "We are not going to beryllium backmost and conscionable accidental we volition ne'er merchantability the Bitcoin."

Saylor compared it to a existent property developer selling onshore astatine a profit, not a retreat from the strategy, but an look of it. He besides noted the institution holds an estimated $2.2 cardinal successful unrealized taxation benefits tied to high-cost-basis Bitcoin that could beryllium harvested done selective sales.

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