Blockstream CEO Adam Beck has stated that investors' concerns about the sale of Bitcoin by Strategy are exaggerated. Recently, the Michael Sailor Corporation realized 32 BTC worth around $2.5 million to finance dividend payments to preferred shareholders. Although this violated Sailor’s earlier promise never to sell Bitcoin, Beck sees the deal as a demonstration of flexibility and effective corporate treasury management.

According to the head of Blockstream, the sale showed how Bitcoin can function within a corporate financial structure. Companies can hold BTC, raise capital under their pledge, and sell a limited amount of coins if they need to cover monetary liabilities. Preferred shares offer investors a fixed income, but require regular dividend payments that can be covered by the sale of some Bitcoin reserves.

It is important to note that shortly after the sale, Strategy acquired 1,550 BTC for $101.3 million, increasing the total stock to 845 256 Bitcoin. The purchase was almost 50 times larger than the coins sold. Sam Sailor has previously emphasized that the financial infrastructure of Bitcoin does not require a change in protocol or a launch of Snapchat, and new financial products must be built on the basis of an existing network.

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The material is prepared solely for informational purposes and does not constitute a financial advice or recommendation.