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Strategy Says It May Sell Some Bitcoin to Pay Dividends

Michael Saylor said Strategy would rapidly repurchase 10 to 20 Bitcoin for each one sold and remain a net accumulator, while the company said Bitcoin could help fund dividends for its STRC perpetual preferred stock plan.

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Fact Check
All key elements of the claim are directly confirmed by multiple independent, credible sources. 'Strategy likely to sell bitcoin to cover STRC dividends, Michael Saylor says | The Block' (May 5, 2026) confirms Saylor's statement that Strategy 'will probably' sell bitcoin to fund STRC perpetual preferred stock dividends. 'Michael Saylor says Strategy would buy 10 to 20 bitcoin for every one it sells: report | The Block' (May 11, 2026) directly confirms the '10 to 20 repurchase' ratio and the 'net accumulator' framing from a podcast interview. 'Strategy Reports Record $12.54 Billion Q1 Loss, Saylor Signals Willingness to Sell Bitcoin' (Unchained Crypto, May 6, 2026) provides the financial context of ~$1.5 billion in annual STRC dividend obligations driving the discussion. The claim accurately summarizes all three core facts: potential Bitcoin sales, the 10-to-20 repurchase commitment, and the STRC dividend funding purpose.
Summary

Strategy said it may sell some Bitcoin to help pay dividends, but Executive Chairman Michael Saylor added that the company would quickly buy back 10 to 20 Bitcoin for each one sold. He said Strategy should remain a net Bitcoin accumulator, framing any sales as part of liquidity, dividend, and tax-efficiency management rather than a reversal of its accumulation strategy. The company also said it may use Bitcoin holdings to fund dividends for its STRC perpetual preferred stock plan.

Terms & Concepts
  • Net Bitcoin accumulator: A company or investor that continues increasing its total Bitcoin holdings over time, even if it occasionally sells some.
  • Dividends: Payments made by a company to shareholders, which can be funded through cash flow, earnings, or asset sales.
  • Perpetual preferred stock: A class of preferred shares with no maturity date that typically pays ongoing dividends to holders.