Strategy CEO says BTC will only be sold for dividends, tax benefits

Strategy (Nasdaq: MSTR) CEO Phong Le said in a recent CNBC interview that the company will take a mathematical rather than an ideological approach, outlining two specific scenarios in which it would sell its Bitcoin holdings. The first case would be to fund dividend payments for its perpetual preferred stock, STRC. Le explained that Strategy could sell Bitcoin for this purpose if it is deemed more beneficial for increasing the company's Bitcoin per share (BPS) value than issuing new stock. The second scenario involves selling for tax advantages, where the company might sell some of its holdings if doing so could maximize tax benefits by realizing or deferring gains and losses. This marks a shift from Strategy's previous "never sell" stance, as the company has indicated it is now open to selling its Bitcoin if it is advantageous to do so.