Michael Saylor’s Strategy signals potential bitcoin sale to fund dividend obligations
- MicroStrategy holds a total of 818,334 BTC at an average acquisition cost of $75,537 per coin.
- The company reported a net loss of $12.54 billion for Q4.
- MicroStrategy has an outstanding dividend obligation of approximately $1.5 billion.
- The firm has roughly 18 months of dividend coverage based on its USD reserves.
- Michael Saylor indicated that selling some bitcoin may be necessary to cover dividend payments.
MicroStrategy’s Executive Chairman, Michael Saylor, suggested during the Q1 earnings call that the company might sell portions of its bitcoin holdings to meet its significant dividend obligations and reassure the market about its financial strategy.
With a net loss of $12.54 billion and a dividend obligation nearing $1.5 billion, the company’s potential move to sell bitcoin highlights its reliance on cryptocurrency assets for financial stability.(Source)
