TechFlow News, May 10: According to a Cointelegraph report, Strategy CEO Phong Le stated that the company will sell Bitcoin only under two circumstances: first, to pay the 11.5% dividend on its Series A perpetual preferred shares (STRC), and second, to defer or offset taxes—provided such sales enhance the “BTC per share” metric. Co-founder Michael Saylor previously indicated on the earnings call that if Bitcoin’s annualized price appreciation exceeds 2.3%, the company could permanently fund dividends through BTC appreciation alone, without diluting equity.
Strategy currently holds 818,334 BTC, valued at over $66 billion, making it the world’s largest publicly traded Bitcoin reserve company. Le noted that Bitcoin’s daily trading volume of approximately $60 billion is sufficient to absorb the company’s annual dividend payouts exceeding $1 billion, meaning such sales would not significantly impact the market.
