Bitcoin News
By Pankaj K
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STRC Dividend Jumps to 12%. The preferred stock wasn't always this attractive on yield.
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Le's Bitcoin Philosophy: Fixed Supply, No Government Interference. Le hasn't been quiet about why he believes in Bitcoin.
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Phong Le put his own money on the line. MicroStrategy's CEO bought 11,000 shares of the company's Stretch preferred stock through his family trust on June 22, spending just under…
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The filing puts the purchase price at an average of $90.80 per share, for a total of roughly $998,756.
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The preferred stock wasn't always this attractive on yield. MicroStrategy bumped the annual dividend on STRC up to 12% — it started at 9% back when the stock launched.
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MicroStrategy has also put a Bitcoin sales policy in place to potentially fund those dividends.
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MicroStrategy holds 818,334 BTC as of the latest disclosures, making it the largest corporate Bitcoin holder in the world by a wide margin.
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Le hasn't been quiet about why he believes in Bitcoin. He's made the case publicly that Bitcoin is basically a form of money governed by transparent, fixed rules — a fixed…
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He's also tied it to something personal. Le has spoken about his family's escape from Vietnam, and he connects that experience directly to the idea of individual financial…
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See also: Robinhood Chain Goes Live as Metaplanet Stacks 43,000 Bitcoin
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He sees Bitcoin becoming a global reserve asset within a decade. That's an aggressive forecast.
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He's also pointed to Goldman Sachs and Citi adding Bitcoin-related services as evidence that the broader financial system is shifting. Not fringe anymore.
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Some skeptics push back. Bitwise, for one, has said MicroStrategy is no longer the leading buyer of Bitcoin — other corporate treasuries have stepped up during the slump,…
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But other corporate Bitcoin treasuries keep buying during the dip. That's worth noting. The strategy Saylor started hasn't died — it's spread.
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See also: Bitcoin Profit Ratio Drops to 43-Month Low, Splitting Investor Camp
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