POPA ReconMichael Saylor said yesterday that Strategy might sell a small amount of BTC to cover dividends on STRC.
Michael Saylor said yesterday that Strategy might sell a small amount of BTC to cover dividends on STRC. • Total raised via STRC: $8.5B • Current annual dividend rate: 11.5% (paid monthly) • Monthly payout: ~$82M (~$984M/year) • Cash on balance sheet: $2.2B Last week they raised ~$82M through STRC — but instead of buying BTC, the money went straight to dividend payments. The amount is too small to worry about. —— RU | BigLiquid | Pro Channel
The excerpt is quoted from a public Telegram channel, which owns its text.