Strategy weighs Bitcoin sales with equity and credit funding options
STRC dividend changes aim to strengthen digital credit stability goals
Michael Saylor projects long-term Bitcoin growth despite market pressure
Michael Saylor signaled a shift in Strategy’s capital management approach as Bitcoin traded near $79,000 on Thursday. The company may sell part of its Bitcoin holdings before year-end while continuing equity and credit financing activities. Meanwhile, Strategy maintained its focus on increasing Bitcoin per share and long-term enterprise value.
Strategy Adjusts Treasury Structure With Flexible Funding Methods
Strategy reviewed multiple funding options during a retail investor discussion hosted by Natalie Brunell. The company assessed cash reserves, equity issuance, credit products, and selective Bitcoin sales. Management said mixed funding structures produced stronger long-term results than single-source financing models.
Saylor explained that the company evaluates liabilities continuously and responds quickly to market conditions. He said Strategy studies credit risks, shareholder value, and balance sheet efficiency before making funding decisions. The company also intends to maintain flexibility while expanding its Bitcoin-focused financial structure.
Strategy currently holds Bitcoin purchased across different market cycles and price levels. Saylor noted that some holdings carry cost bases between $10,000 and $125,000 per coin. Therefore, the company could sell higher-cost holdings if market conditions support that strategy.
STRC Remains Central to Strategy’s Digital Credit Business
Strategy executives also discussed plans to strengthen STRC, the company’s preferred credit product known as Stretch. The company proposed changing dividend payments from monthly schedules to semimonthly distributions. Management believes the move could support STRC’s target trading level near $100.
Saylor described STRC as the company’s flagship digital credit product with lower volatility than common equity. He added that Strategy raised dividends, expanded dollar reserves, and repurchased senior debt to improve product stability. The company also seeks shareholder approval for the revised dividend structure.
Phong Le said Strategy reviewed similar adjustments for other preferred products but prioritized STRC first. He stated that STRC remains the company’s largest and most innovative financial product. Meanwhile, Strategy plans to keep other preferred securities, including STRF, STRD, and STRK, within its capital structure.
Bitcoin Outlook Supports Strategy’s Long-Term Expansion Plans
Saylor maintained a bullish stance on Bitcoin despite recent market weakness and macroeconomic pressure. He said institutional demand and digital credit products could absorb future Bitcoin supply for decades. The company also expects long-term growth in tokenized finance and regulated digital asset markets.
During a CNBC interview, Saylor stated that Bitcoin entered a new market recovery phase after stabilizing near $60,000 earlier this year. He argued that long-term interest rates, geopolitical tensions, and miner selling created temporary pressure across digital assets. However, he believes market conditions will improve as regulation advances.
Saylor also highlighted the proposed Clarity Act and regulatory discussions around tokenized securities in the United States. He said these developments could strengthen digital asset adoption and support broader market activity. Additionally, he stated that Strategy may continue acquiring mined Bitcoin through 2140 under its long-term treasury model.
The company also addressed concerns surrounding quantum computing and Bitcoin network security. Saylor said Bitcoin developers could upgrade the network if credible technological risks emerge in the future. He compared potential upgrades with software updates commonly used across financial and technology systems.
