Exchanges· ★★★· neutral·

Strategy says 2.2% annual BTC return would cover preferred dividends indefinitely

  • —The 2.2% figure is an assumed BTC return, not the preferred dividend rate
  • —At 0% BTC return the structure lasts 49 years under company math
  • —Dollar assets cover ~3.4 years of preferred dividends and debt interest
  • —Strategy sold $431.8M of BTC year-to-date to fund dividends and STRC buybacks
Why it matters: The model shows how heavily Strategy's bitcoin-treasury structure relies on assumptions about BTC returns and its share price.
Source: TokenPost