MicroStrategy shares fell after executive chairman Michael Saylor suggested that the firm may sell some Bitcoin (BTC) to fund dividend payments.
“We will probably sell some Bitcoin to pay a dividend just to inoculate the market and send the message that we did it,” he said.
Saylor explained that the strategy involves using credit to accumulate Bitcoin, allowing the asset to gain value over time, and then liquidating a portion when needed to fund dividend payouts.
“You buy bitcoin with credit, you let it appreciate, and then you sell bitcoin to pay the dividend,” he added.
MicroStrategy CEO Says Bitcoin Sales Are on the Table When Accretive
Meanwhile, CEO Phong Le said the firm would also consider selling Bitcoin “when it’s advantageous to the company.” He stressed that the company remains focused on being a net Bitcoin aggregator while prioritizing growth in Bitcoin per share, which he believes will be the most accretive to MSTR stock’s long-term value.
“Our ability to sell bitcoin either to buy U.S. dollars or sell bitcoin to buy debt if it’s accretive to bitcoin per share is something that we would consider doing going forward,” Le said. “We’re not going to sit back and just say, We’ll never sell the bitcoin.”
Google Finance data showed that MSTR closed up 1.69% at $186.9 on Tuesday. Shares reversed sharply after markets closed. MSTR dropped more than 4% in after-hours trading.
Strategy holds 818,334 BTC at an average cost of about $75,537. The firm is the largest publicly traded corporate holder of the asset. Polymarket traders now price a 48% chance that Strategy sells any of its BTC by December 31, 2026.
