Saylor: Strategy can sustain dividend if BTC rises over 2.05% annually

Michael Saylor, founder of Strategy (MSTR), the largest corporate holder of Bitcoin, said the company can permanently maintain its dividend without issuing new shares if Bitcoin's value increases by more than 2.05% annually. He explained that Strategy's break-even annual rate of return (ARR) on its Bitcoin holdings is approximately 2.05%. If Bitcoin appreciates faster than this rate, the company can secure the necessary funds for dividends without needing to raise additional capital, he added. Strategy has historically purchased BTC by utilizing various stock sale programs, including the issuance of perpetual preferred stock.