Michael Saylor posted: “Back to work.” $BTC” was posted on Sunday, May 10, 2026, along with an image of Strategy’s Bitcoin holdings tracker, suggesting the company would resume active accumulation after a week-long hiatus.
Important points:
- “I’m going back to work,” Saylor said. $BTC” was announced on May 10th, indicating that Strategy had returned to Bitcoin accumulation after a week-long hiatus.
- Number of strategies held 818,334 $BTC Equivalent to approximately $66.15 billion, with an unrealized gain of +7.02% as of May 10, 2026.
- Thaler said the strategy might sell 1 $BTC I will buy another 10-20 shares to cover STRC’s dividend.
Strategy switches to accumulation mode
The social media post was accompanied by a graph showing that Strategy, formerly known as Microstrategy, had 818,334 holdings. $BTC The value is approximately $66.15 billion. The company’s average purchase cost is nearly $75,537 per coin, with an unrealized gain of 7.02%.
A week ago, on May 3, Saylor posted a message to the contrary: “I won’t be shopping this week. I’ll be going back to work next week.” $BTC” The hiatus marks the second break in Strategy’s near-weekly buying streak in 2026 and coincides with the company’s quiet period ahead of its 2026 first-quarter earnings release on May 5.
Publicly traded companies typically avoid large capital transactions before announcing their financial results to comply with financial regulations and avoid selective disclosure. For Strategy, the timing temporarily halted the daily procedure of purchasing Bitcoin.
Sunday’s post effectively puts the Switch back into accumulation mode. Mr. Saylor’s “back to work” phrase and other cryptic hints have become recognizable signals to markets and supporters. This means the quiet period has ended and acquisition information is expected to be disclosed within the next 24 hours. Typically, Strategy and Saylor announce such matters at 8 a.m. on Monday mornings.
dividend payment
Prior to the pause, Strategy was accumulating at a rapid pace, adding tens of thousands of strategies. $BTC During April, it was funded through the preferred stock product STRC. During the first quarter earnings call, Mr. Saylor directly mentioned this financial product. Strategy’s STRC Series A Perpetual Stretch Preferred Stock has an annual dividend yield of approximately 11.5%.
With an STC balance of approximately $8.5 billion, the company faces increasing cash obligations to preferred holders. To meet these obligations, Saylor indicated that the company may sell small amounts of Bitcoin. In a recent video interview, he plainly explained his approach: Buy 10 Bitcoins, sell one to cover dividends, buy another 10, sell one more. The end result is continued growth in both total holdings and Bitcoin per share, he said.
“Even if you sell one Bitcoin, you’ll end up buying another 10 to 20 Bitcoins,” Saylor said in the clip.
During the earnings call, CEO Phong Le emphasized this point by saying: $BTC A sale will only occur if it is more beneficial to shareholders than issuing additional shares. He called it “mathematics over ideology.”
The sell comments caused a short-term decline in MSTR stock as some investors interpreted the idea of selling the stock. $BTC As a break from Strategy’s long accumulation-only attitude. Management looked at it in a different way. Bitcoin acting as a productive treasury asset that can service debts means its usefulness expands, not recedes.
After the earnings announcement, Saylor posted another X post that read, “Buy more Bitcoin than you can sell.” This framework is consistent with his broader position that any tactical sales are immediately dwarfed by continued purchases.
Strategy maintains cash reserves of $2.25 billion to cover debt and proposes to change STRC’s dividend payments to a semi-monthly schedule to improve liquidity management.
Sunday’s “Back to Work” post features Bitcoin trading at a price that gives Strategy’s stack a modest but positive unrealized gain. Strategy’s cumulative disclosures are expected to be revealed tomorrow, as the fiscal year ends, capital instruments are in place, and Thaler’s latest hints are available.
