Michael Saylor signaled that MicroStrategy (Strategy) may consider selling portions of its Bitcoin holdings to help fund dividend obligations—marking a potential shift from its long-standing accumulation strategy.
The company currently faces approximately $1.5 billion in annual obligations tied to dividends and debt, with existing reserves estimated to cover about 18 months of these commitments.
These comments represent one of the clearest indications yet that the firm could monetize its Bitcoin holdings to support its capital structure, raising concerns among investors about a departure from its “hold-only” approach.
Following the remarks, the company’s shares fell more than 4% in after-hours trading, reflecting negative market sentiment toward the possibility.