The Block reported that Michael Saylor, founder of MicroStrategy (MSTR), stated that while some BTC might be sold to fund dividends for perpetual preferred stock STRC, the scale of purchases would overwhelm this. Saylor emphasized in an interview on the David Lin YouTube podcast, "Even if I sell one BTC, I will buy 10 to 20 more. The phrase 'Don't sell BTC' means that you must replenish as much as you consume. BTC is capital, so you should not be a net seller, and you must increase your holdings every year." MicroStrategy had previously stated in its earnings announcement last week that even if it stops selling common stock MSTR, it can fund dividends by selling BTC while increasing its overall BTC holdings.
