Saylor: Strategy May Sell Bitcoin to Pay Dividends
Michael Saylor says Strategy could sell some Bitcoin to meet dividend obligations.
“We may sell some Bitcoin to pay dividends.”
~$1.5B annual obligations (dividends + debt)
~18 months of coverage from cash reserves
Buy BTC with leverage
Let it appreciate
Sell BTC to fund payouts
Strategy stock ↓ over 4% after-hours
Bitcoin dipped below $81K
Why this matters:
This challenges the “never sell” narrative.
Instead:
Bitcoin becomes a yield engine
Not just a treasury asset
Implications:
Potential sell pressure at scale
New corporate BTC strategy emerging
Closer link between BTC and equity flows
Accumulation was phase one.
Monetization may be phase two.
Is this evolution or a risk signal?