{"id":96839,"date":"2026-05-06T10:05:32","date_gmt":"2026-05-06T07:05:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96839"},"modified":"2026-05-06T10:27:19","modified_gmt":"2026-05-06T07:27:19","slug":"strategy-considers-bitcoin-sale-amid-12-7-billion-quarterly-loss","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/strategy-considers-bitcoin-sale-amid-12-7-billion-quarterly-loss\/","title":{"rendered":"Strategy Considers Bitcoin Sale Amid $12.7 Billion Quarterly Loss"},"content":{"rendered":"<p>Strategy may sell a portion of its bitcoin holdings to pay dividends on perpetual preferred shares of STRC, according to the firm&#8217;s founder, <a href=\"https:\/\/forklog.com\/en\/news\/michael-saylor-the-microstrategy-founders-biography-and-views\">Michael Saylor<\/a>.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Tune into <a href=\"https:\/\/twitter.com\/Strategy?ref_src=twsrc%5Etfw\">@Strategy<\/a>&#8216;s Q1 Earnings Call live now on X. We&#8217;ll cover:<br \/>-Q1 financial results<br \/>-Digital Credit <a href=\"https:\/\/twitter.com\/search?q=%24STRC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$STRC<\/a><br \/>-Digital Equity <a href=\"https:\/\/twitter.com\/search?q=%24MSTR&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$MSTR<\/a> <\/p>\n<p>Followed by a live Q&#038;A!<a href=\"https:\/\/t.co\/j4rKKAvU0A\">https:\/\/t.co\/j4rKKAvU0A<\/a><\/p>\n<p>\u2014 Strategy (@Strategy) <a href=\"https:\/\/twitter.com\/Strategy\/status\/2051772062738293175?ref_src=twsrc%5Etfw\">May 5, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>STRC is a component of Strategy&#8217;s &#8220;digital credit&#8221; strategy. The company issues high-yield securities, attracting capital from income-focused investors, and then uses the funds to purchase bitcoin.<\/p>\n<p>Since its inception, the instrument has generated approximately $8.5 billion for the firm.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-5c2f7e1933dfacb7-3652333105906038.webp\" alt=\"image\" class=\"wp-image-279589\"\/><figcaption class=\"wp-element-caption\">STRC dynamics. Source: <a href=\"https:\/\/strc.live\/ticker\/strc\">STRC.live<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Dividends on such securities are a regular obligation. Strategy has primarily financed bitcoin purchases through the issuance of shares and debt instruments, but now the company has more flexibility, its management emphasized during the first-quarter earnings call.\u00a0<\/p>\n<p>Top executives noted that if necessary, dividends could be covered not by selling MSTR shares, but by a small portion of bitcoin reserves.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We will likely take this step to finance dividends, [&#8230;] to make it clear that we have done so. Everyone will understand that the organization is fine, bitcoin is fine, the industry is fine, the world has not collapsed,&#8221; Saylor noted.<\/em><\/p>\n<\/blockquote>\n<p>He added that with the current treasury volume, the asset needs to appreciate by about 2.3% annually for Strategy to cover STRC dividend obligations from its reserves without selling common shares.<\/p>\n<h2 class=\"wp-block-heading\">Shift in Position and Financial Results\u00a0<\/h2>\n<p>Previously, Saylor had repeatedly emphasized that the company did not intend to sell bitcoins and was building a strategy around the long-term accumulation of the first cryptocurrency.<\/p>\n<p>The firm&#8217;s CEO, Phong Le, clarified that Strategy would sell coins if it benefits the business. The goal, he said, remains the same: to increase reserves, boost the number of bitcoins per share, and remain a net accumulator of digital gold.<\/p>\n<p>Currently, Strategy holds 818,334 BTC (approximately $66.6 billion). In the first quarter, the company <a href=\"https:\/\/forklog.com\/en\/news\/strategy-acquires-3273-btc-for-255-million\">acquired<\/a> 89,599 BTC, and at the beginning of the second quarter, an additional 56,235 BTC.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-ffa84228cede6503-3652351488106482.webp\" alt=\"image\" class=\"wp-image-279590\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>.\u00a0<\/figcaption><\/figure>\n<p>The firm reported a net loss of $12.77 billion for the first three months of 2026. The main reason was &#8220;paper&#8221; losses from the revaluation of bitcoin reserves amid a decline in the asset&#8217;s price.\u00a0\u00a0<\/p>\n<p>MSTR shares closed the latest session at $186.9, gaining 1.7% for the day. Over the past month, the shares have risen by 46%, but remain down 26.7% over six months.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b9b12df55e4010c8-3652367196652776.webp\" alt=\"image\" class=\"wp-image-279591\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/finance.yahoo.com\/quote\/MSTR\/\">Yahoo Finance<\/a>.\u00a0<\/figcaption><\/figure>\n<p>Back in December 2025, Strategy <a href=\"https:\/\/forklog.com\/en\/news\/strategy-builds-1-44bn-reserve-to-fund-dividends\">created<\/a> a $1.44 billion reserve for dividend payments. At that time, the company confirmed for the first time its readiness to sell part of its bitcoins.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Strategy may sell a portion of its bitcoin holdings to pay dividends on STRC shares, according to Michael Saylor.<\/p>\n","protected":false},"author":1,"featured_media":96840,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Strategy may sell bitcoin to pay dividends, says Michael Saylor.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1208,1207],"class_list":["post-96839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-michael-saylor","tag-microstrategy"],"aioseo_notices":[],"amp_enabled":true,"views":"8","promo_type":"1","layout_type":"1","short_excerpt":"Strategy may sell bitcoin to pay dividends, says Michael Saylor.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96839","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96839"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96839\/revisions"}],"predecessor-version":[{"id":96841,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96839\/revisions\/96841"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96840"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}