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Strategy May Be Buying Bitcoin Again Despite Q1 Sell Talk

Strategy CEO Phong Le stated final week that Bitcoin’s day by day buying and selling quantity — averaging greater than $60 billion — is giant sufficient to soak up the corporate’s $1.5 billion in annual dividend funds with out shifting the market.

That remark preceded co-founder Michael Saylor’s newest publish “Back to work, BTC” on X Sunday, a phrase he has used earlier than to sign an imminent buy.

A Pattern That Repeats

Strategy sometimes buys Bitcoin the day after Saylor posts that message. The firm final purchased on April 27, choosing up 3,273 cash for round $255 million. That introduced its whole stash to 818,334 BTC, price roughly $61.8 billion on the time of publication, based on knowledge from Strategy’s personal web site. Its common buy value per coin sits at about $75,537 — that means the place is up round 7.6%.

The shopping for announcement follows a week-long pause Strategy took forward of its first-quarter 2026 earnings name. During that decision, Saylor stated one thing that raised eyebrows: the corporate would possibly promote a few of its Bitcoin occasionally to fund dividends for holders of its credit score devices. For an organization that had lengthy held the place of by no means promoting, that assertion landed onerous.

Reactions From Both Sides

Not everybody took it as dangerous information. Strategy investor Adam Livingston argued that periodic gross sales may really profit the treasury by serving to finance future Bitcoin purchases.

Bitcoin advocate Samson Mow stated the flexibility to promote provides Strategy extra flexibility within the monetary markets.

But others pushed again, warning that an organization that each buys and sells Bitcoin at scale may create a cycle that places downward strain on the spot value.

Le pushed again on that concern. He advised CNBC that Strategy owns about 4% of Bitcoin’s whole provide however stated he doesn’t consider the corporate drives costs in both course. Sales, he stated, could be restricted to particular conditions — masking dividend yields and deferring taxes.

Clarifying The Scope

Saylor provided his personal framing throughout the earnings name. “We’ll most likely sell some Bitcoin to fund a dividend, simply to inoculate the market, simply to ship the message that we did it,” he stated.

That wording suggests the transfer is extra about signaling than quantity — a managed, deliberate motion reasonably than a broader shift in technique.

Whether markets learn it that manner stays to be seen. For now, based mostly on Saylor’s Sunday publish, one other Bitcoin buy seems to be coming.

Featured picture from Bitpanda, chart from TradingView

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