Michael Saylor: The board has approved selling BTC for three main purposes.

robot
Abstract generation in progress
JinSe Finance reported that on June 29, Strategy founder Michael Saylor stated that the company has formulated a BTC monetization plan. Under this plan, the board has authorized Strategy to sell Bitcoin from time to time for the following three main purposes:
Supplement USD reserves: Generate up to $1.25 billion in additional proceeds to bolster USD reserves (current reserve balance is approximately $2.55 billion, which already includes some unsettled ATM sale proceeds).
Pay preferred stock dividends and interest: Use BTC sale proceeds to pay dividends/interest when doing so is more favorable than issuing new shares or other financing, or to replenish reserves after payments.
Support buybacks: Fund the aforementioned preferred stock and common stock repurchase programs (including related taxes and transaction fees).
BTC1.17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned