MicroStrategy confirms Bitcoin sales under specific conditions

11 articles · Updated · BeInCrypto · May 10

CEO Phong Le said sales could fund Strategy’s 11.5% Stretch preferred dividends when accretive, or manage taxes; the remarks followed Michael Saylor’s comments and a 4% share drop.
Le said the company has raised $8.5 billion in 10 months and would compare Bitcoin sales with equity issuance, using an mNAV threshold around 1.22 to judge shareholder benefit.
Strategy, the largest public corporate Bitcoin holder, owns 818,334 BTC and reported a $12.54 billion Q1 2026 net loss, but Le said leverage is manageable and any sales would be small versus market liquidity.

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