Strategy Sells 32 Bitcoin to Back 11.5% STRC Yield as BTC Slips Below $72,000
Updated
Updated · CoinDesk · Jun 1
Strategy Sells 32 Bitcoin to Back 11.5% STRC Yield as BTC Slips Below $72,000
4 articles · Updated · CoinDesk · Jun 1
Michael Saylor said Strategy’s aim is to make STRC “the best credit instrument in the world,” his first public comment since the company disclosed selling bitcoin last week.
The remark points to bitcoin sales being used to support STRC’s high payout after Strategy sold 32 BTC for $2.5 million between May 26 and May 31, its first disposal in four years.
STRC held its monthly dividend at 11.5% for a fourth straight month and traded at $98.91, below par — a level that could raise pressure for a dividend increase next month.
Bitcoin fell more than 3% to about $71,300 and MSTR dropped 6.2%, underscoring the risk that supporting STRC through BTC sales could weigh on both the token and the stock.
Is Michael Saylor's new Bitcoin-funded dividend machine a financial revolution or a time bomb waiting for the next market crash?
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