MicroStrategy added just 535 Bitcoin between May 5 and 11, its smallest weekly purchase of 2026. That brings its total holdings to 818,869 BTC with a blended cost basis of $75,540 per coin. Executives now plan potential Bitcoin sales for the first time to cover $STRC dividends and tax obligations.
Shrinking Purchases
Last week's $43 million buy came at about $80,340 per coin. That's a dramatic slowdown from 34,164 BTC purchased the previous month. The company's per-share Bitcoin growth metric now sits at 9.4% year-to-date.
Capital Constraints
Equity dilution from ATM offerings and preferred stock issuance has capped MicroStrategy's buying power. Executives admitted this during the May 5 earnings call. Aggressive accumulation isn't possible right now.
Dividend Dilemma
The potential Bitcoin sales announcement caused MicroStrategy's stock to drop 3% immediately. Management said it needs funds for $STRC dividends and tax management. This would mark the company's first ever Bitcoin sale.
New Balance Sheet Rules
Executives set a net target of buying 10 to 20 BTC for every coin sold. Active balance-sheet management could start in coming weeks as the company shifts strategy. The next move depends on where Bitcoin trades near $80,000.
