Phong Le, the CEO of Bitcoin treasury company Strategy, outlined conditions in a Friday interview under which the company would sell some of its Bitcoin holdings. According to Le, the company may sell Bitcoin to pay dividends tied to its Series A Perpetual Stretch Preferred Stock (STRC), a corporate credit instrument that pays an 11.5% dividend to holders. He also said BTC sales could be used to defer or offset taxes.
Source: Read the original article
