Saylor floats selling Bitcoin to pay dividends as Strategy hoards $4.6B in gains
Crypto Briefing
Michael Saylor suggests Strategy could sell Bitcoin to fund dividends while simultaneously growing its total holdings through credit issuance.Summary
Michael Saylor, Executive Chairman of Strategy, announced that the company may begin selling portions of its massive Bitcoin reserve to fund dividends and obligations. By leveraging the issuance of STRC, a preferred stock instrument, Saylor argues the company can maintain a self-sustaining cycle: issuing debt to buy Bitcoin, then selling a fraction of those holdings—at a projected breakeven return of 2.3%—to cover payouts while still net-accumulating Bitcoin. This model shifts Strategy from a simple 'HODL' treasury approach to an active 'Bitcoin development company' strategy that relies on long-term asset appreciation to fuel growth and shareholder returns.
(Source：Crypto Briefing)