Strategy Sells Bitcoin for Dividends | Bitcoin and Crypto News

Michael Saylor’s company, Strategy, just sold 3,588 Bitcoin for $216 million to fund its 12% preferred stock dividends — a move enabled by a new capital framework they launched in June. Despite the sale, they still hold over 840,000 Bitcoin and untouched cash reserves of $2.5 billion. Analysts at Bernstein say Strategy isn’t in a bind, with enough liquidity to cover payments for 17 months, and they’re still a net buyer of Bitcoin — a rare stabilizing force amid broader market outflows. Bernstein remains bullish, predicting Bitcoin will hit $150,000 by year-end. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1e6900c57c132cdb