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Strategy Says It May Sell Some Bitcoin to Pay Dividends

Strategy says limited Bitcoin sales could help fund dividends, including for its STRC perpetual preferred stock plan, while Michael Saylor states the company would remain a net accumulator and may soon buy more BTC.

BTC

Fact Check
The claim is directly confirmed by the primary source: Michael Saylor's own X post (@saylor, status/2053436344286769483) published on May 10, 2026, which reads 'Back to work. $BTC' alongside a Bitcoin Tracker chart. The Odaily article accurately describes this post and its implication. Bitcoin Magazine, The Block, and MEXC all independently corroborate both the post and the well-established pattern that Saylor's 'Back to work' phrase, paired with a Bitcoin Tracker chart, signals an upcoming Strategy Bitcoin purchase announcement the following week. There is no conflicting evidence. The only minor caveat is that the claim frames the purchase as a 'possible' signal rather than a confirmed buy, which is accurate since the purchase itself had not yet been announced at the time of collection.
Summary

Strategy said it may sell some Bitcoin to help fund dividends, including for its STRC perpetual preferred stock plan, but Executive Chairman Michael Saylor said the company would remain a net Bitcoin accumulator and could rapidly repurchase 10 to 20 BTC for each coin sold. CEO Phong Le said Bitcoin’s average daily trading volume of more than $60 billion could absorb the company’s roughly $1.5 billion in annual dividend needs without moving the market. The comments came as Saylor posted “Back to work, BTC” on X, a phrase often read as a signal of another purchase. Strategy’s last disclosed buy was 3,273 BTC for about $255 million on April 27, bringing total holdings to 818,334 BTC worth about $61.8 billion at the time cited, with an average purchase price near $75,537 per coin.

Terms & Concepts
  • Net Bitcoin accumulator: A company or investor that continues increasing its total Bitcoin holdings over time, even if it occasionally sells some.
  • Perpetual preferred stock: A class of preferred shares with no maturity date that typically pays ongoing dividends to holders.
  • BTC: The ticker symbol for Bitcoin, the largest cryptocurrency by market value.