Strategy co-founder Michael Saylor said that Bitcoin's capital gains can theoretically cover dividends on its preferred stock.

Strategy sold 3,588 BTC for $216 million to fund dividends. The firm now holds 843,775 BTC and $2.55 billion in cash.

The company sold 3,588 bitcoin last week to replenish its dollar reserves for dividends on its preferred stock.

Strategy (MSTR) sold a record 3,588 bitcoin for $216 million to fund preferred stock dividends.

For years Saylor pledged to never sell...

Strategy sold 32 Bitcoin for $2.5M to fund preferred stock dividends, posting $8.32B in unrealized losses and sending MSTR shares down over 8%.

Strategy's sale of 3,588 Bitcoin should be viewed in the context of its much larger accumulation strategy, with Jesse Myers noting selling was only a small fraction. Experts…

Michael Saylor suggests Bitcoin gains over 3% could fund dividends indefinitely. STRC hitting $100 by December 31 at 54.5% YES.

Michael Saylor says bitcoin gains can fund Strategy's STRC dividends indefinitely if BTC appreciates over 3.3% a year, calling the metric misunderstood.

Saylor states Bitcoin must appreciate over 3% annually for STRC dividends. STRC hitting $100 by December 31 at 55% YES.

Strategy co-founder Michael Saylor said that Bitcoin's capital gains can theoretically cover dividends on its preferred stock.