Strategy Clarifies Bitcoin Sales for Dividends, Resumes BTC Accumulation
Strategy Chairman Michael Saylor clarified that the firm remains a net Bitcoin buyer even if it sells some BTC to fund dividends, highlighting a break-even issuance rate of 2.3%. The clarification came after previous comments suggesting potential sales sparked controversy. Hours later, Strategy resumed buying, acquiring 535 BTC for $43 million at an average price of $80,340 per coin, bringing total holdings to 818,869 BTC worth $61.9 billion. Saylor explained that the math favors accumulation, as current issuance runs 15-20%, well above the break-even rate. CEO Phong Le emphasized a 'math over ideology' approach, stating that selling Bitcoin would be considered when it improves Bitcoin-per-share. Industry experts downplayed the risk of market shock from potential sales, noting that responsible treasury management could strengthen institutional confidence. Bitcoin trades around $81,200, with prediction markets assigning 88% chance of a rally to $84,000.
Key facts
- Strategy resumed BTC buys after pause, acquiring 535 BTC for $43 million.
- Saylor set break-even issuance rate at 2.3% for net Bitcoin buying even with sales.
- CEO Phong Le prioritizes Bitcoin-per-share math over ideological stance.
- Analysts estimate Strategy's Bitcoin purchases could reach $30 billion this year.
- Experts say potential BTC sales unlikely to cause market shock due to scale.