He added that the move would demonstrate to the market that the company, its Bitcoin position, and the broader industry remain sound.
Bitcoin News
Strategy executive chairman Michael Saylor said Tuesday that Strategy could sell a portion of its BTC holdings to signal corporate stability, marking the first time the company has publicly floated the idea of a Bitcoin sale. Saylor made the comments during Strategy's first-quarter earnings call.
"We'll probably sell some Bitcoin to fund a dividend, just to inoculate the market, just to send the message that we did it," Saylor said. He added that the move would demonstrate to the market that the company, its Bitcoin position, and the broader industry remain sound.
Strategy reported a $12.5 billion net loss for the first quarter, driven primarily by unrealized losses on its Bitcoin holdings as the asset declined during the period. The company has held Bitcoin as its primary treasury asset since August 2020.
In February, Saylor had told CNBC that he expected Strategy to "buy Bitcoin every quarter forever" and said the company could withstand a price drop to as low as $8,000 without needing to liquidate holdings. Tuesday's comments represent a shift in that public posture.
Strategy currently holds 818,334 BTC worth approximately $66.7 billion, including 145,834 BTC acquired this year. A portion of those purchases was funded through Stretch (STRC), a dividend-paying perpetual preferred stock offering with an 11% monthly dividend yield.
Saylor said Strategy is aiming to build Stretch into the largest credit instrument in the world, projecting that growing assets under management will increase liquidity and generate a network effect. Several Bitcoin-focused DeFi protocols, including Pendle and Saturn, have begun tokenizing STRC's monthly dividends to enable trading and improve liquidity.
He also said he expects a neobank to soon offer Bitcoin-backed digital yield accounts paying up to 8%, describing a rapid increase in related conversations. "We had none of these conversations going on eight weeks ago or 12 weeks ago, and now I see like three dozen initiatives," he said. MSTR shares fell 4.33% in after-hours trading Tuesday to $178.80.
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