Michael Saylor pitched a Bitcoin-funded dividend model on Middle Eastern TV, revealing Strategy's $1.25B BTC sale authorization and 12% STRC 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.