Saylor says Strategy will be a net bitcoin buyer as software arm and STRC funding fuel new BTC purchases

Michael Saylor on a podcast reiterated that even if Strategy sells some bitcoin, the company intends to remain a strong net buyer: “Even if we were to sell one bitcoin, we’d be buying 10 to 20 more bitcoin,” he said, framing sales as funding for other acquisitions similar to a real-estate developer selling appreciated property. CEO Phong Le added on CNBC that Strategy would sell bitcoin if doing so generated more shareholder value than issuing equity ^[1].

Phong Le also pushed back on the notion that Strategy’s bitcoin identity is separable from its legacy enterprise software business, saying the software unit reinforces the company’s bitcoin operations operationally, financially and culturally and forms part of the infrastructure behind its bitcoin strategy ^[2].

Strategy has continued to raise capital and add bitcoin to its treasury: markets activity in the STRC perpetual preferred stock opened the door to new equity offerings that increased acquisition capacity, with reports noting roughly $206 million tied to STRC activity to support further BTC purchases. The company also added 535 BTC for about $43 million, bringing reported holdings to about 818,869 BTC as of May 10, 2026, with one report citing a 2026 BTC yield of 9.4% ^{[3] [4] [5]}.

Taken together, Strategy’s leadership says any limited bitcoin sales would be outweighed by larger purchases, and the company has both raised capital via STRC and continued spot bitcoin acquisitions to expand its treasury ^{[1] [3] [4]}.