Strategy, led by Michael Saylor, has purchased a new Bitcoin (BTC) for $11.7 million.
In this way, the company increased its holdings to 650,000 BTC. at the moment, The company is a publicly traded company with the largest corporate reserves of Bitcoin.
These purchases were made amid a decline in Bitcoin prices, with Bitcoin prices returning to trading below $90,000. The company’s CEO, Mr. Von Leh, spoke about the possibility of a sale.
“We can sell Bitcoin and if we need to fund a dividend payout below 1x we will do so. That is our main KPI. Under 1x MNAV it is more efficient for BTC yield to sell Bitcoin to pay the dividend and we will do so in that case,” he commented.
As CriptoNoticias explained, MNAV is a metric that reflects adjusted net value per share and is useful for assessing near-term financial health. If it falls below 1, the strategy may be left without funding alternatives.
Phong Le noted that there are no plans to sell BTC, but acknowledged that certain sales may occur to cover debt or take advantage of tax benefits.
but, The strategy’s MNAV has already declined from 1 in November, but no sales are still occurring.On the contrary, the company continues to purchase additional Bitcoin, indicating that the company remains solvent and does not face any urgent liquidity needs.
Meanwhile, the American company reported the creation of a new reserve fund of $1.44 billion aimed at guaranteeing dividend and interest payments for the next 12 to 21 months. This reserve is funded by the sale of shares, not the sale of BTC..
BTC is at risk if this fund is depleted or asset prices decline excessively. This is because the strategy may be forced to sell some of its holdings to cover these obligations. Being the largest corporate holder of BTC, a forced sale would have a psychological and market-appropriate impact on the asset price.
At the same time, this decision also has other implications. Guaranteed stable operation for 2 yearsIt protects itself from repeated questions about how to cover dividends, as raised by Spanish podcaster Alberto Mera, and alleviates short-term pressure. It is, in part, a move to continue that strategy without incident.
(Tag Translation)Bitcoin (BTC)
