Bitcoin covers STRC dividend
"Remember, all they need is for Bitcoin to go up 2% per year to cover the STRC dividend indefinitely."
ℹ️ In shortBitcoin only needs to increase by 2% annually to cover the STRC dividend indefinitely.
Details
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… They bought another, I think it was around 500 Bitcoin and they have 847,363 Bitcoin and they increased yet again by another uh 200 million I think to their reserves to 1.4 4 billion which will cover about 12 months of STRC dividend and that's important as well uh because a lot of people worried oh they're going to run out of money etc. Remember, all they need is for Bitcoin to go up 2% per year to cover the STRC dividend indefinitely. And they funded, I think it was 520 Bitcoin with the sale of Micro Strategy Shares ATM program, which they believe is at a NAV premium uh [clears throat] not as a discount. So again, take it or leave it. That's what's happening. and still trying to put out the fire. Fong Lee, the CEO of Micro Strategy, he bought a million dollars of STRC today and …
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