BTC.top founder: MicroStrategy may slow BTC buys to fund dividends

Jiang Zhuoer, founder of the Chinese Bitcoin mining pool BTC.top, suggested that MicroStrategy (MSTR) is likely to significantly reduce or halt its BTC purchases for the next few months to focus on securing funds for STRC dividends. He noted that MicroStrategy has issued common stock for three consecutive weeks. While it purchased 1,500 BTC with some of the funds raised in the first two weeks, it recently doubled the size of its stock issuance but reduced its BTC purchase to 520 BTC. Zhuoer believes this indicates most of the capital was reserved for dividend payments. He added that STRC is preferred stock, not debt, and has no principal repayment obligation. With MicroStrategy's debt-to-equity ratio at around 10%, Zhuoer concluded that the company is unlikely to collapse unless a BTC bear market lasts for more than 10 years.