Strategy Ties 847,000-Bitcoin Treasury to Shareholder Payouts, Shifts From 'Never Sell' Policy

Strategy (formerly MicroStrategy) now authorizes selling some of its 847,000 BTC to fund dividends and interest, a major departure from Michael Saylor's long-standing 'never sell' approach, though the company says it remains committed to long-term Bitcoin accumulation.

• Strategy holds roughly 847,000 BTC, about 4% of Bitcoin's total supply, making it the largest corporate Bitcoin holder.
• A new capital framework allows selective Bitcoin sales to build dollar reserves, fund preferred-share dividends, and meet interest obligations.
• The company raised its annual dividend on STRC preferred shares to 12% and maintains a $2.55 billion dollar reserve.
• Executive Chairman Michael Saylor emphasized the policy is not an exit from Bitcoin but a way to improve balance-sheet flexibility.
• The shift follows investor scrutiny after STRC traded below its $100 target, weakening the company's ability to issue new preferred shares.

Coinporta summarises news for fast scanning. Full reporting belongs to the source.