A remarkable statement came from Michael Saylor, chairman of the board of directors of Strategy, a company headquartered in the USA, known for its digital asset investments. It was stated that the company is considering selling some of its Bitcoins before the end of the year. It was stated that this move was evaluated within the scope of the company’s general capital management plans.
Flexible road map in capital management
In a question-answer session held for individual investors, Michael Saylor stated that the company handles different sources together in capital management. Saylor emphasized that rather than sticking to only one financing method, cash, shares, loans and, when necessary, Bitcoin sales are considered together. He also stated that the purchase cost of the Bitcoins currently held by the company starts from 10 thousand dollars and goes up to 125 thousand dollars. Therefore, he also said that depending on market conditions, high-cost Bitcoins may be subject to sale.
“Everything depends on market conditions, financial obligations and available data. We have the flexibility to act according to the market situation, but our focus is always on increasing the amount of Bitcoin per share and growing the total value of the company,” said Michael Saylor.
It was stated that the company’s long-term strategy is to constantly increase the value per Bitcoin and the total amount of assets. However, it was reported that they adopted a flexible management approach with moves such as selling Bitcoin when market conditions required in the short term.
Saylor stated that the sale of Bitcoin will not have a tax impact on the company’s dividend payments and that they expect the dividends to be taxed as a “refund of principal”.
Mini dictionary: Michael Saylor is the founder and chairman of Strategy. The company stands out among institutional investors, especially with its large-scale Bitcoin purchases.
STRC dividend change and its impact on other products
Company managers answered investors’ outstanding questions through the secured loan product with the code STRC in their portfolio. Saylor said that their goal is to support STRC to be traded above the $ 100 level, and for this purpose, work has been initiated to pay STRC dividends twice a month instead of monthly. However, it was also emphasized that this change would be subject to shareholders’ approval.
The company also aims to strengthen STRC’s performance by building US dollar reserves and increasing dividends. In addition, it was stated that it improved its balance sheet balance by repurchasing some of its outstanding priority debts.
The company’s current loan products include STRF, STRD and STRK. Although some investors questioned whether these securities would also be recalled, executives clarified that there are no plans to withdraw other products from the market. It was stated that convertible bonds remain among the company’s long-term debt obligations and will be retired over time.
Phong Le, CEO of the company, said, “Our priority is to make the STRC product more stable and powerful. No changes are being considered in other products for now,” and noted that the main focus is on the STRC product.
On the other hand, in his interview with CNBC, Michael Saylor shared his prediction that Bitcoin could reach a price of $ 1 million in the long term. He stated that this expectation is based on corporate demand and the spread of digital credit products.
The company continues to focus on growth in Bitcoin yield and digital loan products in the long term overall. Managers added that investors are regularly informed about the company’s business model.
