Michael Saylor's Strategy signals potential bitcoin sale to fund dividends obligations
Key takeaways
- By James Van Straten|Edited by Aoyon Ashraf Updated May 5, 2026, 11:48 p.m.
- The company disclosed a $12.54 billion net loss for Q4, while maintaining a total bitcoin position of 818,334 BTC at an average acquisition cost of $75,537 per coin.
- Strategy has an outstanding dividend obligation of approximately $1.5 billion, including annualized preferred stock dividends and interest on outstanding debt.
By James Van Straten|Edited by Aoyon Ashraf Updated May 5, 2026, 11:48 p.m. Published May 5, 2026, 11:43 p.m. 1 min read Make preferred on What to know: Strategy reported a $12.54 billion Q1 net loss while holding 818,334 bitcoin at an average cost of $75,537; the firm has about 18 months of dividend coverage against $1.5 billion in annual obligations.Executive Chairman Michael Saylor suggested selling bitcoin to pay dividends, contributing to a 3% after-hours drop in the stock and bitcoin slipping below $81,000.Strategy (MSTR), the world’s largest publicly traded corporate holder of bitcoin, floated the idea of selling bitcoin in order to cover its dividend obligations. Executive Chairman Michael Saylor suggested, during its Q1 2026 earnings call, the company may sell a portion of its bitcoin holdings to fund dividend payments, stating: “We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it.”
The company disclosed a $12.54 billion net loss for Q4, while maintaining a total bitcoin position of 818,334 BTC at an average acquisition cost of $75,537 per coin.
Strategy has an outstanding dividend obligation of approximately $1.5 billion, including annualized preferred stock dividends and interest on outstanding debt. The firm has roughly 18 months of dividend coverage, based on its USD reserves relative to these obligations.