Search results for Phong Le
Crypto
Michael Saylor says Strategy will buy 10 to 20 bitcoins for each one sold
Strategy reaffirmed it may sell some bitcoin to fund dividends for its preferred shares but will continue to increase its overall holdings. Chairman Michael Saylor said in interviews that any sales would be far outweighed by new purchases, arguing the company should be a net accumulator. CEO Phong Le said the firm would consider selling bitcoin if it benefits shareholder value more than issuing stock. Strategy holds 818,334 BTC worth about $66.2 billion.
Crypto
Michael Saylor says he is going back to work as Strategy hints at resuming bitcoin buying
Strategy has hinted it may resume buying bitcoin this week after Chairman Michael Saylor posted, \"Going back to work, BTC\" on X. His posts have often preceded the company’s purchases. Strategy last bought 3,273 bitcoin on April 27 for about $255 million, lifting holdings to 818,334 valued at about $61.8 billion. The signal follows debate over possible limited sales to fund dividends for holders of its credit products.
Crypto
21Shares lists STRC ETN on London Stock Exchange linked to Strategy preferred shares
Asset manager 21Shares has listed the Strategy-linked STRC ETN on the London Stock Exchange, giving UK investors access via a locally listed product. The 21Shares Strategy Yield ETN tracks Strategy’s floating-rate Series A perpetual preferred shares, “Stretch”, linked to its bitcoin-focused treasury policy. Executives highlighted an 11.50 percent yield paid monthly in cash. Strategy’s financing structure may involve bitcoin sales to fund dividends.
