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🚨 Strategy has sold Bitcoin to pay dividends on STRC preferred shares.
Previously, the company publicly maintained a stance of "never selling" Bitcoin.
Strategy founder Michael Saylor noted that with Bitcoin increasing by 2.3% annually, existing reserves would be sufficient to cover dividends without selling common shares. CEO Fong Le added that the company's priority is to increase Bitcoin holdings per share.
On Strategy's balance sheet are 818,334 BTC (~3.9% of the total supply) worth over $60 billion.