Strategy Sells $216M in Bitcoin to Cover Dividend Payments
Strategy liquidated 3,588 BTC worth $216M for dividends while Bernstein holds its $150K year-end Bitcoin price target.
Strategy sold 3,588 Bitcoin for approximately $216 million to fund its dividend obligations, the company disclosed, marking a notable move by the Michael Saylor-linked firm that has built its identity around accumulating — not selling — the world's largest cryptocurrency.
Despite the sale, Strategy left its broader Bitcoin reserve largely untouched, keeping a $2.55 billion reserve intact. The decision underscores a careful balancing act the company faces as it attempts to sustain shareholder payouts without dismantling the core Bitcoin treasury that underpins its corporate strategy and stock valuation.
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The sale drew attention from Wall Street at a moment when institutional sentiment around Bitcoin remains broadly bullish. Wealth management firm Bernstein maintained its year-end Bitcoin price target of $150,000, signaling that analysts see the broader crypto market on an upward trajectory even as individual players like Strategy make tactical liquidations.
The development highlights a tension that Bitcoin-heavy corporate treasuries increasingly face: generating sufficient cash flow to meet traditional financial obligations — like dividends — while preserving digital asset positions that investors expect them to hold. How Strategy navigates that pressure in coming quarters could serve as a template, or a cautionary tale, for other firms pursuing similar Bitcoin-first balance sheet strategies.
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