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Strategy (MSTR) planning to sell BTC to fund dividend

Posted on 5/8/26 at 1:13 pm
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52518 posts
Posted on 5/8/26 at 1:13 pm
quote:

Strategy executive chairman Michael Saylor signalling a potential bitcoin sale to cover $1.5 billion in annual dividend obligations.



quote:

Saylor framed the move as a feature of the model rather than a break from it.


quote:

"You buy bitcoin with credit, you let it appreciate, and then you sell bitcoin to pay the dividend."


quote:

That is a different sentence than every prior Strategy quarter, where the playbook was to issue more debt or equity to fund obligations rather than touch the BTC stack


Interesting on the pivot.. running out of lenders it seems

coindesk source
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82205 posts
Posted on 5/8/26 at 5:21 pm to
They've raised ~$3 billion in the last month what do you mean they've run out of lenders
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52518 posts
Posted on 5/8/26 at 5:56 pm to
Yep and they spent it all in Bitcoin and paying dividends.

Except now they are saying instead of borrowing they are going to sell Bitcoin... Wonder why
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82205 posts
Posted on 5/8/26 at 8:22 pm to
If you listened to the call, they said they would sell if accretive to the share price. I.e. common trading below accretive MNAV, selling high priced tranches to book tax loss with repurchasing due to no wash sale rules, etc. They didn't come out and change their philosophy and the market agrees with that since BTC price hasn't moved. If the largest single holder came out and said they are going to start selling BTC to pay the dividends, price would tank.
Posted by FAT SEXY
California
Member since Jun 2020
2107 posts
Posted on 5/9/26 at 4:01 am to
Bitcoin has been held up by this guy. Unless he's secretly funded by the fedgov (which wouldn't be surprising)

The broader world isn't really buying digital unicorn farts
Posted by UltimaParadox
North Carolina
Member since Nov 2008
52518 posts
Posted on 5/9/26 at 7:03 am to
I mean I took the actual saylor quote from a coin desk article. It is not even an anti crypto outfit.
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82205 posts
Posted on 5/9/26 at 8:45 am to
Right...its a single quote without context of the rest of the discussion around it
Posted by SquatchDawg
Cohutta Wilderness
Member since Sep 2012
20051 posts
Posted on 5/9/26 at 9:34 am to
This sounds Ike a debt fueled ponzi scheme. What am I missing?
This post was edited on 5/9/26 at 9:34 am
Posted by TigerTatorTots
The Safeshore
Member since Jul 2009
82205 posts
Posted on 5/9/26 at 2:38 pm to
If you have the time/interest, this debate here going into detail on that topic

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