Di strategy fit sell BTC to cover about $1.5B STRC dividends as buying dey continue
Strategy fit sell BTC for di first time to take care of about $1.5B yearly dividend wey dey tied to STRC, im roughly 11.5% perpetual preferred stock. Dem estimate say dis dividend burden be about 2.2% of wetin im BTC portfolio dey worth now.
Even with wetin fit be BTC sales, Michael Saylor talk sey Strategy go generally follow “buy more than you sell.” Di firm also plan say dem go use STRC issuance and extra equity funding to cover any BTC wey dem sell for dividends.
Market dey focus on whether Strategy fit maintain im BTC accumulation pace. For 2026, dem don already buy 145,834 BTC (~$11B) and now dem hold 818,334 BTC worth over $65B, making dem di biggest corporate institutional BTC holder. TD Cowen raise im MSTR price target to $395 and increase expected BTC Yield to 18.2% for fiscal 2026 (and 9.6% for 2027), with baseline wey assume BTC near ~$140,000 by year-end.
For traders, di main thing na BTC price compared to di ~$140,000 target. If BTC path weak, e fit make di dividend maths worse and put pressure on di bullish MSTR outlook, while if BTC price rise, e go likely make Strategy leverage effect stronger.
Bullish
Di dem Strategy fit dey possbly sell BTC dem dey present as small offset wey dem fit manage against the heavy buying wey still dey, no be say dem don change the corporate accumulation plan. The dividend obligation (~$1.5B/yr) small compared to Strategy BTC portfolio wey pass $65B, and Saylor tori of "buy more than you sell"—wey STRC issuance and equity raises dey support—show say net BTC demand suppose remain if the buying pace continue.
Short term, the story fit boost sentiment for BTC and MSTR because market go likely read STRC-linked financing as reinforcing, not disrupting, the BTC acquisition plan. Long term, TD Cowen higher BTC Yield expectations and $395 MSTR target depend on BTC to dey near the ~ $140,000 baseline; that one dey create positive feedback loop for the bull case when BTC strong. The main risk na if BTC no follow the target path, e go make the dividend math worse and reduce the outlook credibility—this one go small bearish for MSTR-specific trades, but the overall setup still supportive.