The message was short. The impact is immediate. Michael Saylor just posted “Back to Work” on X and the crypto market knows exactly what that means. Strategy is preparing to buy back Bitcoin, just a few days after having mentioned possible sales.
In brief
- Saylor posted “Back to Work” on May 10, 2026, a signal historically followed by a bitcoin purchase.
- Strategy holds 818,334 BTC, or approximately $61.8 billion.
- The company had suspended purchases the previous week before releasing its Q1 results.
- Saylor had mentioned one-off sales of BTC to finance dividends.
Saylor strikes again
On May 10, 2026, Strategy co-founder Michael Saylor published two words on the social network X: “Back to work”. A formula that has become a true signature. Every time he posts it, a buy bitcoin in fact generally follows the next day.
The crypto community immediately got the message. And for good reason: Strategy is today the largest institutional holder of bitcoin in the world. She holds 818,334 BTC in her portfolio. That's about $61.8 billion at the time of publication.
What makes this signal particularly striking: the context in which it occurs
Just a few days ago, Strategy paused its bitcoin purchases (just before releasing Q1 2026 results). During this call, Saylor had indeed dropped a bombshell: the company could periodically sell part of your BTC. The objective is to finance dividends paid to holders of its credit instruments.
This statement worries the crypto community as it breaks with the historical doctrine of Strategy : that of “never sell”.
The reaction was not long in coming. Part of the Bitcoin community cried betrayal. Others, like the investor Adam Livingston, have on the contrary estimated that these one-off sales could be accrediting for Strategy’s treasury. The fact is that they could finance future buyouts.
The CEO of Strategy, Phong Letried to calm the spirits by specifying that these bitcoin sales would remain limited and targeted. The goal: pay dividends or defer taxes. With an average daily bitcoin volume of more than $60 billion, these sales would therefore, according to him, have no significant impact on the crypto market.
The return to buying bitcoin: what does it involve?
Strategy's last purchase was on April 27, 2026: 3,273 BTC acquired for approximately $255 million, at an average price of $77,894 per unit. The company's overall average acquisition cost today stands at $75,537 per bitcoin, with a performance of +7.6% on the total investment.
With this new signal from Saylor, the markets are therefore anticipating a injection of additional liquidity into BTC. A dynamic that Bitwise recently highlighted! According to its analysts, Strategy's purchases are playing a driving role in the recent bitcoin rally.
The prediction is simple: if Strategy buys as expected in the next 24 hours, it could strengthen the bullish momentum of bitcoin. The phase cryptocurrency is still trading around $80,000.
In any case, one question remains unanswered: how often will Strategy alternate between purchases and sales? And above all, will this hybrid model become the new standard for institutional crypto treasuries? To be continued…
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