‘Buy more Bitcoin than you sell’: Saylor reaffirms accumulation stance after floating possible sales

Michael Saylor, executive chairman of Strategy Inc., reaffirmed his commitment to accumulating Bitcoin with a post stating, "buy more Bitcoin than you sell." This comes after he discussed on an earnings call the possibility of Strategy Inc. periodically selling some of its Bitcoin holdings to cover dividend payments on its preferred stock instrument, STRC. Strategy Inc. holds 818,334 Bitcoin, valued at approximately $64 billion. Saylor explained that if Bitcoin appreciates faster than the dividend rate (around 2.3% annually), the company can sell small portions of its holdings to fund dividends and still increase its Bitcoin reserves due to ongoing purchases funded by new STRC issuances. He presented scenarios where Bitcoin appreciation of 10% to 30% annually could lead to significant Bitcoin additions, even after covering obligations, without needing to sell company stock. The market reacted with a slight drop in Strategy's stock price following the earnings call, which also reported a Q1 net loss of $12.5 billion, largely due to unrealized losses on its Bitcoin holdings.

(Source：Crypto Briefing)