Bitcoin reserve strategy pioneer MicroStrategy (originally MicroStrategy) announced it has bought 535 BTC, worth approximately $43 million, bringing its total holdings to 818,869 BTC. At the previous earnings call, founder Michael Saylor for the first time hinted that the company could sell BTC. In a recent interview, he proposed a “sell 1, buy 10 to 20” Bitcoin accumulation framework, positively addressing market concerns. Strategy (MSTR) shares have rebounded more than 80% from their bottom. Looking ahead, after testing market sentiment, Strategy may carry out more aggressive Bitcoin operations.
Strategy continues buying Bitcoin, with holdings reaching 818,869 BTC
Strategy last week raised through issuances:
Preferred stock STRC raised $100k
Common stock MSTR raised $43 million
Total raised: $43 million, all used to purchase Bitcoin. Last week, Strategy bought 535 BTC, with an average cost of $80,340. As of May 11, 2026, Strategy holds a total of 818,869 BTC, with a total cost of $100k and an average cost of $75,540 per Bitcoin.
Can Strategy sell Bitcoin? Saylor: Will buy more
At the previous earnings call, founder Michael Saylor for the first time said the company may sell a small amount of BTC to pay preferred stock STRC an annual dividend yield of up to 11.5%. This statement sparked a stir in the crypto community, especially because Saylor has long been a Bitcoin evangelist, operating as a Hodler figure across major media outlets and within the crypto space. In a recent interview, he proposed a “sell 1, buy 10 to 20” Bitcoin accumulation framework, positively addressing market concerns.
(Saylor: For every 1 BTC Strategy sells, it will buy 10 to 20 more coins)
CEO Phong Le stabilizes morale, emphasizing the importance of its software business
CEO Phong Le has recently repeatedly emphasized the importance of the company’s software business in an effort to steady morale. Stratey’s revenue grew 12% in the first quarter of 2026, with the core driver coming from a significant 59% surge in cloud revenue. More importantly, controllable margin grew 27%, providing a solid funding base to support operating expenses related to the Bitcoin treasury strategy. This is meant to highlight that the company is not simply holding digital assets, but rather, after its transformation, runs a software business that maintains stable cash flow and profitability.
(MicroStrategy posted a massive loss of $14.4 billion on Bitcoin in the first quarter; Saylor hinted at selling BTC to pay high dividends)
MSTR rebounded 80% from the bottom; may trade Bitcoin more aggressively in the future
Strategy (MSTR) stock price once approached $100 in February. Yesterday it surged 4.45% to close at $195.94, rebounding more than 80% from its bottom. mNAV (the current share price versus the value of the Bitcoin it owns) has recovered to 1.32, enabling the company to raise funds again via common stock MSTR to buy more Bitcoin. Looking ahead, since Strategy has already floated the idea of selling coins, after testing market sentiment, it may have the opportunity to conduct more aggressive Bitcoin buying and selling operations.
This article about MicroStrategy continuing to add to its Bitcoin holdings and Saylor being afraid of actively trading BTC first appeared on the Chain News.
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