Michael Saylor states MicroStrategy will maintain net Bitcoin buying despite potential sales to cover $80-$90 million monthly dividends.
MicroStrategy’s strategy involves purchasing 20 times more Bitcoin than it sells, backed by $3.2 billion raised via STRC preferred stock in April. The company’s monthly dividend obligations range from $80 to $90 million, leaving most capital for Bitcoin acquisitions.
Saylor’s approach counters short-seller bets on stock dilution to fund dividends. The company’s net buyer status hinges on Bitcoin’s market value staying above 1.22x its holdings, sustained STRC demand, and annual Bitcoin growth of at least 2.3%.
MicroStrategy’s shift follows a May 5 earnings call where Saylor indicated potential Bitcoin sales for dividends, later clarifying the 10-20:1 buy-to-sell ratio.