Strategy Chairman Michael Saylor signaled that the company may resume Bitcoin purchases this week.

In a post on X on May 10, Saylor shared Strategy’s tracker chart with the message, “Back to work, BTC.” Because the chart has often been followed by actual purchases, the market is watching for another buy this week.

Strategy last bought 3,273 Bitcoin on April 27 for about $255 million, bringing its total holdings to 818,334 Bitcoin.

Those holdings are worth more than $60 billion and account for about 4% of Bitcoin’s total supply.

Still, the possibility of selling some Bitcoin has emerged as a new variable after the company’s latest earnings release. On the first-quarter earnings call, Saylor said Strategy could sell some Bitcoin to pay dividends, stepping back from its previous no-sale stance.

Chief Executive Officer Phong Le later laid out the conditions for any sale. In an interview with CNBC, he said the company would take a mathematical rather than ideological approach. Bitcoin would be sold only in limited cases, including preferred dividend payments and tax planning.

Le said Strategy could sell Bitcoin to fund dividends if that proved more favorable for increasing Bitcoin per share, or BPS, than issuing new shares.

He added that limited sales could also take place when the company’s tax structure made it advantageous to realize or defer gains and losses.

Market reaction has been mixed. Some investors view limited sales as a way to improve financing flexibility and capacity for reinvestment, while others worry that any sale could weigh on the market.

The company, however, says the impact would be limited. Le told CNBC that Bitcoin’s daily trading volume exceeds $60 billion, meaning Strategy’s sales would be readily absorbed by the market. He added that he does not believe the company determines Bitcoin’s price.