Strategy CEO Highlights Scenarios Where Company Would Sell Bitcoin — Report

Strategy CEO Phong Le has highlighted scenarios in which the company would offload some of its Bitcoin holdings. This explanation follows the treasury firm’s chairman, Michael Saylor, hinting at the possibility of strategically selling portions of its BTC over the past week. Why Strategy Could Shed Some Of Its Bitcoin Holdings In an interview with CNBC, Le analyzed the conditions under which Strategy could sell some of its Bitcoin holdings. While this move would be in stark contrast to the firm’s “Never Sell” strategy, the CEO believes a change in philosophy might be necessary given current market conditions. The CEO mentioned that the company could sell some of its BTC to finance the payment of the 11.5% dividend yield on its Perpetual Preferred Stock (STRC). Le said that Strategy would sell a portion of its BTC to cover the dividend if it increases shareholder value (defined as a ris