Overview
- Michael Saylor told Fortune he floated selling some Bitcoin to “inoculate the market,” describing it as a way to warn off short-sellers by proving Strategy can use its holdings to pay dividends.
- Strategy reported holding 818,334 BTC worth more than $65 billion and posted a $12.54 billion first‑quarter net loss driven by a $14.46 billion unrealized markdown on digital assets.
- The company has raised $11.68 billion this year through preferred stock such as STRC, a share class that pays about 11.5% annually and creates regular cash needs.
- JPMorgan analysts say Strategy sped up Bitcoin purchases in April and could buy about $30 billion in 2026 if the current pace continues.
- Saylor’s defense of selective sales comes as smaller copycats like Nakamoto, Empery Digital, and Sequans sold coins and saw steep share declines, highlighting the strain of funding payouts with a volatile asset.