STRC Plans Selective Bitcoin Sales to Cover $1.5B Liabilities After $12.5B Loss
STRC posted a $12.54B Q1 net loss and will sell portions of its 818,334 Bitcoin holdings (avg cost $75,537) to fund $1.5B in annual liabilities. Executive Chairman Michael Saylor said selective sales will cover dividend payouts and interest, marking a departure from its 'never sell' policy.
1. Q1 Results and Losses
STRC posted a $12.54 billion net loss for the first quarter, driven by a slump in Bitcoin prices and related impairments on its digital asset holdings.
2. Bitcoin Holdings and Liabilities
At quarter-end, the firm held 818,334 BTC acquired at an average cost of $75,537 and faced approximately $1.5 billion in annual obligations, including preferred dividends and debt interest.
3. Strategic Pivot on Bitcoin Sales
Executive Chairman Michael Saylor confirmed that selective Bitcoin sales will now fund dividend commitments and debt servicing, marking a historic departure from the company’s previous 'never sell' policy.