Strategy Abandons 'Never Sell' Bitcoin Policy, Signals Willingness to Liquidate Holdings

Strategy abandoned its long-standing 'never sell' Bitcoin policy on May 6, 2026, after reporting its third consecutive quarterly loss. Michael Saylor stated during the Q1 2026 earnings call that Strategy will probably sell some Bitcoin to pay a dividend to inoculate the market, reversing years of hardline rhetoric against liquidating its Bitcoin holdings.

Strategy policy shift

• ▪Strategy abandoned its long-standing 'never sell' Bitcoin policy as of May 6, 2026.
• ▪Strategy signaled willingness to liquidate Bitcoin holdings as of May 6, 2026.

Michael Saylor dividend comments

• ▪Michael Saylor stated during Strategy's Q1 2026 earnings call that Strategy will probably sell some Bitcoin to pay a dividend to inoculate the market.
• ▪Strategy held a Q1 2026 earnings call.
• ▪Michael Saylor hinted that Strategy may sell a portion of its Bitcoin holdings to fund dividends during Strategy's Q1 2026 earnings call.

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