Strategy says selling bitcoin for dividends is negligible, plans to buy 20 BTC for every 1 sold, says Michael Saylor.

Strategy (MSTR), led by Michael Saylor, clarified that selling bitcoin to fund dividends is economically insignificant because for every bitcoin sold, the company plans to buy 20 more, making the net impact negligible. Saylor explained that their equity swaps occur when the MSTR premium is widest, generating risk-free yield for shareholders, countering critics who claim they buy at weekly tops. The company’s Stretch preferred shares have grown 400%, providing a strong capital engine even in bear markets. Strategy continues to balance bitcoin purchases, debt retirement, and stock buybacks based on yield and credit impact, aiming to maximize bitcoin per share and shareholder value.