Michael Saylor confirms Strategy sold Bitcoin at $59,000 and discusses dividend sustainability
Michael Saylor confirmed Strategy sold Bitcoin at $59,000, explaining the market had priced the company as worthless due to inability to sell. He stated that as long as Bitcoin rises 1.25% annually, Strategy can pay its dividend forever, and that the company would remain over-collateralized even if Bitcoin dropped to $5,000. Strategy holds 842,138 BTC valued at roughly $54.66 billion.
Detected & updated continuously · Source: Nebula
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@martypartymusic
MIchael Saylor on why Strategy sold $BTC. "The market's position was the company is worthless. Bitcoin is going to zero because they can't sell." "So we sold the Bitcoin at $59,000 and it traded up." https://t.co/GeZ8g4DGdl
@PolyBackTest
Michael Saylor: "As long as Bitcoin goes up 1.25% a year, we can pay the dividend forever." "If Bitcoin stops going up, we've got 80 years to figure out what we're going to do about that." https://t.co/y2b4uEcqg4
@martinezzart
In his usual Sunday posts with the orange dots, Michael Saylor is no longer saying that it’s time to buy. Now he simply says that Strategy is “doing business.” For the company, however, “doing business” has recently come to mean not only buying bitcoin:native , but also selling
@Orlandopirate01
Michael Saylor appears to be hinting that Strategy could be adding more $BTC to its holdings. His message was brief but telling: “Doing ₿usiness.” Strategy currently holds 842,138 $BTC, valued at roughly $54.66 billion, with an average purchase price of $75,653 per Bitcoin. https://t.co/09veyyUbXP