Michael Saylor Signals Potential Return to Bitcoin Buying

• Many are worried that the statement goes against the company’s earlier position of never selling Bitcoin.
• Strategy’s overall holdings of Bitcoin totals to 818,334 BTC, with an aggregate purchase price of nearly $61.8 billion.

After suggesting on Tuesday’s earnings call that the Bitcoin treasury firm would sell off some of its holdings occasionally, Strategy co-founder Michael Saylor hinted that the firm may start buying Bitcoin again this week. Saylor used the phrase “back to work, BTC” in a Sunday X post, which has been his go-to before announcing a Strategy BTC buy the day following his postings.

Renewed BTC Accumulation

According to Strategy’s website, the last time Strategy bought Bitcoin was on April 27, when it bought 3,273 BTC for around $255 million. This brought Strategy’s overall holdings of Bitcoin to 818,334 BTC, with an aggregate purchase price of nearly $61.8 billion.

In preparation for Tuesday’s first quarter 2026 earnings call, during which Saylor mentioned the possibility of selling off some of the business’s Bitcoin holdings on a recurring basis to pay dividends to holders of its credit instruments, the company put its BTC purchasing streak on hold for one week.

Many are worried that the statement goes against the company’s earlier position of never selling Bitcoin, and that the sales might put more selling pressure on the market price of Bitcoin. There were varying responses from Bitcoin enthusiasts to the news. Strategy investor Adam Livingston was among those who argued that the company’s treasury would benefit from frequent sales, which will enable it to buy more BTC in the future.

The fact that Strategy may sell Bitcoin provides it more flexibility and space to manoeuvre in the financial markets, said another analyst. Some online commenters have expressed concern that Strategy’s Bitcoin credit instruments and sales would lead to a “doom loop” that will drive down the price of Bitcoin on the spot market.

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