Saylor says he might sell BTC to cover dividends, and Wall Street goes nuts
But if you look closely at the numbers, Strategy holds 818,334 BTC with an annual dividend obligation of $1.5 billion. Even if they sell all their coins to cover this, at the current price, that's less than 20,000 BTC. Meanwhile, they're still stacking more.
Saylor himself said that for every 1 BTC he sells, he'll buy back 20. This isn't a liquidation signal; it's a counterattack for the shorts.
The real risk lies elsewhere. Strategy has reported net losses for three consecutive quarters, with an average holding price of 75,537 and the current price at 77,000, leaving them with almost no safety net.
If BTC dips another 5%, that 810,000 BTC position will be underwater, and at that point, whether to sell or not won't be a decision Saylor can make.