Michael Saylor’s Strategy signals potential bitcoin sale to fund dividends obligations
Key Points
Michael Saylor, chairman of Strategy Inc., has indicated that the company may sell some of its Bitcoin holdings to fund dividend payments under a ‘worst-case scenario’ if the valuation of its cryptocurrency assets drops toward parity.
Background and Context
Strategy Inc. has established a $1.44 billion reserve to ensure stable and uninterrupted dividend payments, reflecting its commitment to maintaining financial obligations despite market volatility.
While the company has paused Bitcoin purchases in recent weeks, it has not confirmed any actual sale of Bitcoin. Analysts suggest that such a move would be a strategic response to market downturns, rather than a routine financial decision.
Market Reactions and Commentary
Short-seller Jim Chanos has criticized the idea of selling Bitcoin to fund dividends, calling it ‘financial gibberish’. However, the company maintains that such a contingency plan is prudent given the high volatility of cryptocurrency markets.
Related Developments
- Strategy Inc. bought 1,286 BTC in January 2026, increasing its total Bitcoin holdings to 673,783 BTC.
- The company raised its STRC dividend to 11.5% in March 2026, marking its seventh increase since July 2025.
- Strategy has paused Bitcoin purchases multiple times in 2025 and 2026, signaling a shift in its investment strategy.