Strategy Inc. Considers Selling $67B Bitcoin Holdings to Strengthen Capital
Strategy Inc. is prepared to sell portions of its roughly $67 billion Bitcoin holdings if such sales improve its capital structure or increase Bitcoin per share. Co-founder Michael Saylor cited the firm’s $2.2 billion tax credit and potential dividend funding as reasons to consider token sales.
1. Policy Shift on Bitcoin Sales
Strategy Inc. executives have abandoned their pure accumulation stance, with co-founder Michael Saylor stating sales could be used to optimize capital structure or boost Bitcoin per share. Management now views the firm as a balance-sheet operator rather than a passive holder.
2. Capital Structure and Tax Credits
Leaders highlighted a $2.2 billion tax credit and outlined scenarios where selling Bitcoin could fund dividends or retire debt, marking a departure from the digital asset treasury model toward active financial management.
3. Credit Ratings and Market Pressures
The shift responds to mounting debt costs, preferred-stock obligations and a junk-level credit rating, compelling Strategy to balance leveraged Bitcoin accumulation with potential token disposals during market stress.