Strategy Inc.
(NASDAQ:MSTR) co-founder Michael Saylor said on Tuesday that Bitcoin's (CRYPTO: BTC) capital gains can theoretically cover dividends on its preferred stock "indefinitely" if the asset grows at over 3.3% annually.
Saylor's Argument Saylor posted a chart on X showing 31 years of dividend coverage of Perpetual Stretch Preferred Stock (NASDAQ:STRC) at a 0% annualized rate of return.
He then pegged the breakeven at 3.3%, meaning that any long-term growth in Bitcoin above 3.3% would produce capital gains sufficient to fund the dividends infinitely.
One of the most misunderstood $MSTR metrics is BTC Breakeven ARR.
