Strategy signals another bitcoin buy as company needs just 2% annual BTC growth to cover dividends
CoinDesk·2h ago·Positivity
What Happened
Strategy co-founder Michael Saylor signaled an imminent bitcoin purchase Sunday. The company holds 766,970 BTC acquired at $75,644 average cost. Strategy accumulated 46,233 BTC in March while miners produced 16,200 BTC. The company's preferred equity product requires 2.05% annual bitcoin appreciation to cover dividends indefinitely without issuing new shares. Bitcoin traded at $71,800 Monday.
Key Entities
StrategyMichael SaylorBitcoin766,970 BTCSTRC preferred equity2.05% annual return$71,800