"We will probably sell some bitcoin to pay a dividend just to inoculate the market and send the message that we did it. The choice of the word inoculate was deliberate, with Saylor framing the potential sale as a signaling exercise rather than a purely financial necessity."
"You buy bitcoin with credit, you let it appreciate, and then you sell bitcoin to pay the dividend, describing the mechanism as consistent with the firm's core model rather than a contradiction of it."
"Our ability to sell bitcoin either to buy U.S. dollars or sell bitcoin to buy debt if it's accretive to bitcoin per share is something that we would consider doing going forward."
Michael Saylor indicated that Strategy, the largest corporate bitcoin holder, might sell some BTC to fulfill preferred stock dividend obligations. This marks a significant shift from the company's original commitment to never sell its cryptocurrency reserves. Strategy holds 818,334 BTC at an average cost of $75,537, with annual dividend obligations of $1.5 billion. Saylor framed the potential sale as a signaling exercise to reassure markets and preferred shareholders, emphasizing that any sale would need to enhance bitcoin per share for common equity holders.
Read at news.bitcoin.com
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