BTC News: Strategy Will Sell Bitcoin Only if mNAV Falls and No Capital is Available

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Strategy declares it will sell Bitcoin only if mNAV plunges below 1 and there’s no cash left to scrounge, all while juggling $750-$800M in annual dividends. Oh, the drama! 💸

Strategy CEO, Phong Le, has solemnly stated that the company will only entertain the idea of selling Bitcoin if its stock nosedives below its net asset value (mNAV) and, of course, if all other capital sources vanish into thin air. As expected, this approach is described as a “last-resort” maneuver, not a shift in company policy. Seems like they’re hoping they never have to pull this trigger. 🤞

Strategy’s business model, the stuff of legends (or so they like to believe), revolves around using capital raised during the good times to buy more Bitcoin. Yes, they aim to pile up those shiny coins, all to boost Bitcoin holdings per share. How noble!

Bitcoin Sale Considered Only Under Specific Market Conditions (Like a Rare Solar Eclipse)

In a recent interview, CEO Phong Le explained that the possibility of selling Bitcoin would only arise if Strategy’s mNAV multiple plummets below one. In simpler terms, the company’s stock would be worth less than its Bitcoin holdings. Ouch. 🔻

Le said that in such a catastrophic scenario, and with no access to fresh funds (because who needs that?), a sale would be justified. Sounds like math is calling the shots here, not sentiment. 📉

“I would not want to be the company that sells Bitcoin,” Le mused, as though he were contemplating whether or not to give up dessert. The decision would be made, he claimed, if financial discipline demands it. What a hero. 💪

In any case, the priority remains to preserve Bitcoin yield per share, even if the market plunges into a bear-infested nightmare. This is all about avoiding dilution and, naturally, keeping the long-term value intact for shareholders. Hooray for investors, I guess. 🏅

Typically, Strategy raises funds when its stock is trading above its net asset value (oh, what a time to be alive). They then use that cash to buy even more Bitcoin, ensuring that their BTC-per-share number stays impressively high. Watch those numbers soar! 📈

Dividend Obligations: Because Paying People is So Much Fun!

Le also spilled the beans about the company’s massive annual dividend commitments. It seems the firm must cover a neat $750 million to $800 million in fixed payments, all tied to its preferred shares. That’s a lot of paper. 📜

These payouts come from equity raised at a premium to net asset value-basically, if the stock is doing well, they pay people. It’s all about investor confidence, or so they say. “When we do that, they start to price up,” Le noted, sounding like the world’s most reluctant optimist. Sure, just keep those payments coming, and maybe people will start to believe in the magic of dividends. 🧙‍♂️

The payout structure, as tedious as it may sound, is central to Strategy’s funding model. They’re all about accumulating Bitcoin over the long haul, while still keeping up with the commitments they’ve made to shareholders. Such dedication! 🤷‍♂️

Related Reading: Strategy Misses The Spot On The S&P Again (Who Knew?)

New Credit Dashboard: Because We All Need More Dashboards

In response to market doubts (and probably some frantic boardroom meetings), Strategy unveiled a “BTC Credit” dashboard last week. Who doesn’t love a good dashboard to soothe those nerves, right? 😎

The new tool is aimed at reassuring investors who’ve been shaken by recent market tremors and a general decline in crypto-related stocks. The dashboard tracks debt metrics, showing exactly how much pressure the firm can handle at different Bitcoin price levels. Spoiler alert: they can handle a lot. 💪

“Strategy’s BTC Credit dashboard” หรือ หน้าจอแสดงข้อมูลทางการเงินของ Strategy ที่เกี่ยวข้องกับการถือครอง Bitcoin (BTC) และภาระหนี้สิน

😏ง่ายๆ จ่ายปันผลอีก 70 ปียังไหว

– Sleep and Invest (ผมนอนลงทุน) (@Sleepandinvest)

Strategy boldly claims it could continue meeting its debt obligations even if Bitcoin tumbles to its average purchase price of $74,000. Le further reassured everyone that even if Bitcoin dropped to $25,000 (because, why not?), the company would still be in control. Apparently, they’re preparing for every possible disaster, but Bitcoin sales? Not so much. 💥

By increasing transparency with their balance sheet, Strategy is attempting to reinforce their image as the long-term Bitcoin holder we never knew we needed. 🙄

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2025-11-30 21:15