Strategy chairman Michael Sailor explained that the board never intended to sell Bitcoin to private investors, not to the company itself. Strategy acquired around 175,000 BTC this year, selling just 32 coins - roughly two basis points of total assets. Seylor called this sale insignificant and urged not to give it too much attention.

Bitcoin-backed digital lending, he said, rose almost from zero to more than $11 billion in the year as a result of high-yield preferred stock sales. This allowed the company to finance the purchase of around 175,000 Bitcoin in the midst of a bear trend. As for personal assets, Sailor claims to have bought "a huge amount of Bitcoin and not sold any satoshi." He also stated that he does not use personal bitcoins to pay taxes or other current expenses, preferring long-term storage and recommending such an approach to other private investors. According to Sailor, the diversion of cryptocurrency capital into technology companies' shares is temporary, and some funds will subsequently be returned.

In response to a question about how Strategy would work in the absence of Bitcoin growth, Sailor stated that the company’s capital structure would allow it to pay dividends for 30-40 years even without the crypto exchange rate rising. With the BTC’s 3% annual growth rate, the company will be able to sustain payouts indefinitely without issuing additional shares. He also recalled that Strategy has experienced five major declines in Bitcoin since 2020, including a 75% depreciation in 2021-2022.

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