Michael Saylor: Strategy plans to buy 20 bitcoins for every 1 bitcoin sold

Techub News, according to CryptoBriefing, Michael Saylor stated that Strategy (formerly MicroStrategy) plans to purchase 20 bitcoins for every 1 bitcoin sold. Even if some holdings are sold to pay shareholder dividends, the company's net bitcoin holdings will still increase.

The company currently holds approximately 649,900 bitcoins, with an average cost below the current market price. Strategy has been consistently accumulating bitcoin since 2020, and recently purchased 3,015 bitcoins at an average price of $67,700. Analysts point out that paying dividends with bitcoin gains could force the company to sell at low prices during a bear market, but Wall Street remains optimistic about its stock prospects.