🚨 Strategy’s Dividend Dilemma, TLDR @saylor has to hit the common stock atm if he isn't willing to sell any bitcoin.
This chart shows $584.6M in annual preferred dividends owed:
STRD → $120.9M
STRK → $103.7M
STRC → $252.1M
STRF → $107.9M
Total ≈ $48.7M/month 💸
But here’s the problem:
Cash reserves ≈ $55M (aprox)
Ops cash flow ≈ $7M/month
Shortfall ≈ $40M+ every month
If ATMs shut down and no new capital comes in:
< 2 months before a liquidity crunch
Options:
1️⃣ Suspend dividends
2️⃣ Pay in stock (heavy dilution)
3️⃣ Sell or pledge BTC 😱
No ATMs = Bitcoin liquidation risk.
As @tomyoungjr first brought up, a SPAC funded by Strategy's bitcoin buys would trade,loan, pay dividends, which includes the sale of bitcoin.
9,369
0
本頁面內容由第三方提供。除非另有說明，OKX 不是所引用文章的作者，也不對此類材料主張任何版權。該內容僅供參考，並不代表 OKX 觀點，不作為任何形式的認可，也不應被視為投資建議或購買或出售數字資產的招攬。在使用生成式人工智能提供摘要或其他信息的情況下，此類人工智能生成的內容可能不準確或不一致。請閱讀鏈接文章，瞭解更多詳情和信息。OKX 不對第三方網站上的內容負責。包含穩定幣、NFTs 等在內的數字資產涉及較高程度的風險，其價值可能會產生較大波動。請根據自身財務狀況，仔細考慮交易或持有數字資產是否適合您。