“At the point where selling Bitcoin versus selling equity to pay a dividend is better for our bitcoin-per-share, we will do it,” Le told CNBC.
Strategy Bitcoin sales so farThe policy allows Strategy to sell up to $1.25 billion in Bitcoin to replenish its dollar reserve, which reached $4 billion as of August 2, and fund dividends, interest payments, and share buybacks. The company’s initial sale of 32 BTC was conducted prior to the framework and is excluded from the $1.25 billion sale cushion the company has given itself.
The latest sale brought the company’s total Bitcoin sold to 6,948 BTC, around $432.5 million so far this year.
Strategy's policy change gives it a choice between selling Bitcoin and issuing additional shares when it needs cash. While the firm has long held a “never sell” ideology when it comes to Bitcoin, recent events show Strategy no longer treats those holdings as off limits.
