MicroStrategy executive chairman Michael Saylor has proposed using proceeds from Bitcoin sales to support shareholder dividends, after the company — now rebranded as Strategy — reported a $12.54 billion loss for Q1 2026.
The proposal marks a notable shift in strategy for the world’s largest corporate Bitcoin holder, which has long treated its Bitcoin treasury as a long-term hold. The Q1 loss reflects the impact of Bitcoin’s price movements on the company’s balance sheet under current accounting rules.
Strategy holds more Bitcoin than any other publicly listed company, having accumulated its position over several years through a series of stock and debt offerings. The company’s aggressive Bitcoin purchasing strategy made it a proxy for institutional Bitcoin exposure and drove significant stock price gains during bull markets.
Despite the quarterly loss, Saylor remains publicly bullish on Bitcoin’s long-term prospects. A director at the company was also reported to have sold shares ahead of the earnings announcement, drawing attention from market observers following the results.
