Strategy CEO: Bitcoin Sales Limited to Dividend Payments and Tax Offsets

According to Cointelegraph, Strategy CEO Phong Le said the company will sell Bitcoin only under specific conditions: to fund the 11.5% dividend on its Series A Perpetual Stretch Preferred Stock (STRC) and to defer or offset taxes — and only when such sales are accretive to shareholders by increasing BTC per share. Le dismissed concerns over market impact, noting that Bitcoin's roughly $60 billion in daily trading volume can absorb the more than $1 billion in annual dividends Strategy owes. The comments follow remarks by co-founder Michael Saylor, who said during a Tuesday earnings call that the firm may sell BTC periodically to fund dividends, potentially without issuing new equity. Strategy holds 818,334 BTC, valued at over $66 billion.