No, get it split up, and then get to work removing the bark and sapwood. Seal the backs when you expose a heartwood ring. It is also at this point that I reduce the width to about 2 1/2" and thin them to 3/4 - 1" in the limb areas. They will dry more quickly and safely this way.
Reducing it into smaller pieces helps keep the stave-splits from developing drying checks. Don't store them in a very dry area just yet. Keep them out of the wind, sun, heat, and any artificially dried area, i.e. Dehumidified, heated, or air conditioned. A cool basement, garage, or shed is ideal for the first month or two.