Michael Saylor breaks silence after Strategy sells $2.5 million in bitcoin
Michael Saylor says Strategy aims to make STRC the world's best credit instrument after the company sold bitcoin to help fund preferred stock distributions
AI Summary
Strategy sold 32 bitcoin for roughly $2.5 million to fund distributions on its STRC preferred stock. Executive Chairman Michael Saylor stated the goal is to make STRC the world's best credit instrument, signaling a growing focus on preferred stock while continuing to grow bitcoin exposure per share. The sale sparked comparisons to a December 2022 bitcoin sale near the market bottom.