Strategy has hinted it may resume buying bitcoin (BTC) this week.

On May 10 (local time), Strategy Chairman Michael Saylor (마이클 세일러) posted on X, formerly Twitter, "Going back to work, BTC," signaling the possibility of additional bitcoin purchases, Cointelegraph reported.

Saylor’s posts have often appeared just before Strategy bought bitcoin. The company has typically purchased bitcoin the day after his posts. Strategy last bought 3,273 bitcoin on April 27 for about $255 million, raising total holdings to 818,334. The value of those holdings was estimated at about $61.8 billion.

The signal drew more attention because it came after Strategy stopped buying for a week ahead of its 2026 first-quarter earnings release. At the time, Saylor said the company could periodically sell part of its bitcoin holdings to pay dividends to holders of its credit products. He said at the earnings release, "There is a high possibility we will sell some bitcoin to secure funds for dividends," adding that it was also intended to send the market a message that it had actually done so.

The remarks fueled controversy in the market because they run counter to Strategy’s long-standing stance of not selling bitcoin. Some critics said an actual sale could add new selling pressure to the spot market. Given the company’s symbolic status as a bitcoin-accumulating firm, there were also responses that a change in strategy itself could affect investor sentiment.

Others inside and outside the company see it as an expansion of financial management options. Strategy investor Adam Livingston (애덤 리빙스턴) argued that periodic sales could help the company manage its treasury over the long term. He said it could create a structure to raise funds to buy more bitcoin in the future. Bitcoin supporter Samson Mow (샘슨 모우) also assessed that the fact Strategy could sell bitcoin gives it greater flexibility in financial markets.

In contrast, the market has also raised concerns that Strategy’s bitcoin sales and its credit-product structure could create a "doom loop" that weighs on spot prices. On this, Strategy CEO Phong Le (퐁 레) said sales would occur only in specific situations such as paying dividends or deferring taxes. He said the company’s selling and buying would not affect the bitcoin price, adding, "We do not think we are moving the price of bitcoin."

Phong Le said Strategy holds about 4 percent of total bitcoin supply. He also said the $1.5 billion in annual dividends it must pay to holders of its corporate credit products is a level that bitcoin’s average daily trading volume of more than $60 billion can sufficiently absorb.

Strategy’s average purchase price for bitcoin is about $75,537. As of now, its bitcoin investment return is about 7.6 percent. If the company resumes buying under these circumstances, the market is likely to check whether Strategy maintains its accumulation stance and how narrowly any actual sale conditions are applied.

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