Strategy, a notable player in the Bitcoin treasury market, possesses over 818,334 BTC, equivalent to more than $66 billion. CEO Phong Le stated that the company will only sell Bitcoin holdings under specific conditions, primarily to pay dividends on its Series A Perpetual Stretch Preferred Stock, which yields 11.5% to investors.
Le emphasized that any sales would only occur if they are beneficial to shareholders, enhancing the BTC per share metric. His comments followed remarks from co-founder Michael Saylor, who indicated that periodic BTC sales might occur, raising concerns about potential market effects among investors. Saylor suggested that Bitcoin's appreciation could allow the company to sustain dividend payments without selling equity.
Despite the considerable amount of Bitcoin held, Le expressed confidence that these sales would not significantly influence the broader market. The strategy aims to maintain shareholder value while navigating the complexities of dividend funding through crypto asset management.