Strategy vows to relentlessly accumulate BTC, promising 10–20 per sale

1 min read
Source: The Block
Strategy vows to relentlessly accumulate BTC, promising 10–20 per sale
Photo: The Block
TL;DR

Strategy, Inc. chairman Michael Saylor said the firm would replenish any bitcoin it sells with 10 to 20 more BTC, aiming to be a net accumulator even if occasional bitcoin sales fund STRC dividends; the company holds about 818,334 BTC worth roughly $66.2 billion and could pause sales if it’s more accretive to shareholders, with JPMorgan analysts predicting BTC purchases could reach about $30 billion this year if the pace continues. The block also notes strength in Strategy’s software/AI business, and the stock rose on the news.

Share this article

Want the full story? Read the original reporting

Read on The Block