Bitcoin’s 20% gain supports Strategy’s 12% dividend payout, says Saylor

4 days ago 4



strategy-bitcoin Michael Saylor, CEO of Strategy Inc., has claimed that Bitcoin’s 20% annual gain is sufficient to cover the 12% dividend of the company’s perpetual preferred stock, STRC. This statement was reported by WuBlockchain on social media and aligns with Strategy’s approach of leveraging Bitcoin appreciation to support its financial obligations, including dividends. The company has previously expressed that Bitcoin’s performance is crucial to maintaining the stability and attractiveness of its preferred stock, which is currently priced to maintain a $100 stated amount. The market’s reaction to Saylor’s comments appears to be supportive of a scenario where STRC’s value reaches the $100 target by the end of the year. The STRC market, which considers whether the stock will hit $100 by December 31, has seen the probability of a “YES” outcome increase to 89.5%, up from 88% a day earlier and 80% a week ago. This suggests that market participants may view Saylor’s confidence in Bitcoin’s performance as a positive factor for STRC’s price trajectory. Saylor’s remarks are consistent with Strategy’s broader approach of utilizing Bitcoin-linked capital gains to sustain high dividend p...

Read Entire Article