Saylor Says Strategy Can Fund Dividends Indefinitely if Bitcoin’s Long-Term Return Exceeds 3.3%
Summary
- Michael Saylor said dividends could be funded effectively without limit if Bitcoin’s long-term rate of appreciation exceeds 3.3%.
- Saylor said one of Strategy’s most misunderstood metrics is Bitcoin break-even annual recurring revenue (ARR).
- He said that if Bitcoin rises more than 3.3% over the long term, Stretch dividends can be funded indefinitely through Bitcoin capital gains.
Forecast Trend Report by Period
Michael Saylor, chairman of Strategy, said the company could effectively fund dividends without limit if Bitcoin’s long-term rate of appreciation exceeds 3.3%.
In a post on X on July 8, Saylor wrote that one of Strategy’s most misunderstood metrics is Bitcoin break-even annual recurring revenue, or ARR.
If Bitcoin rises more than 3.3% over the long term, Strategy can fund Stretch dividends indefinitely through Bitcoin capital gains. Stretch is a perpetual preferred stock that Strategy has issued since the second half of last year to raise money for Bitcoin purchases.
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