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Strategy unveils capital framework to fund dividends with Bitcoin sales
The move, unveiled June 29, sets up Bitcoin sales to pay preferred stock dividends, build cash reserves, and repurchase securities.
Cointelegraph reports that Strategy, the former MicroStrategy, unveiled a new capital framework on June 29 that would allow it to sell Bitcoin to fund preferred stock dividends, build cash reserves, and repurchase securities.
The company, now known simply as Strategy, holds 843,775 Bitcoin, more than any other public company, and has previously focused on accumulating Bitcoin rather than selling it, a shift that has raised concerns among some investors and analysts.
Cointelegraph also points to Strategy's recent history as a dot-com-era symbol, noting that in March 2000 Michael Saylor saw more than $6 billion disappear from his fortune after the company's shares plunged more than 60 percent.
In the latest debate, Cointelegraph cites Talos head of strategy Drew Forman, who said the discussion has moved beyond acquiring Bitcoin to how the positions are financed, managed, and traded or monetized when needed.
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