Strategy Says Bitcoin Sales Could Fund Dividends Below 1.22x mNAV

On Strategy’s May 5 earnings call, CEO Phong Le said the company could sell Bitcoin to fund dividends when that is more accretive than issuing equity, and Strategy held 818,334 BTC as of May 3. Management said sales and dividends can be more accretive below roughly 1.22x mNAV. Sequans and MARA also used Bitcoin sales for debt management, buybacks, or convertible note repurchases.

BTC-2.29%
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