The 8-K filing Monday says proceeds from the May 26-31 sale, executed at an average price of $77,135 a coin, will fund distributions on Strategy’s preferred stock.
Source: CoinDesk
Michael Saylor's Strategy sold 32 bitcoin for $2.5 million to fund dividend payments
Michael Saylor's strategy has taken a notable turn as he sold 32 bitcoins for $2.5 million to support dividend payments for his company, MicroStrategy. This move highlights Saylor's ongoing commitment to balancing his company's cryptocurrency investments with shareholder returns. Despite the volatile nature of the crypto market, Saylor continues to champion Bitcoin as a key asset for MicroStrategy. The sale reflects a pragmatic approach to ensure liquidity while maintaining a significant Bitcoin holding, reinforcing Saylor's dual focus on growth and shareholder value.