Strategy, the world's largest corporate bitcoin holder, has made a significant change in its strategy regarding its bitcoin holdings. In a recent earnings call, CEO Phong Le stated that the company will sell bitcoin when it is advantageous to do so, rather than adhering to its previous 'never sell' policy.
The decision to sell some of its bitcoin holdings comes as the company aims to fund dividends for STRC, its high-yield perpetual preferred stock. Strategy has raised $8.5 billion since the launch of STRC and currently holds 818,334 bitcoin, valued at approximately $66.5 billion.
The company reported a Q1 operating loss of $14.5 billion, driven largely by mark-to-market adjustments tied to bitcoin's price movement. However, executives expressed confidence in their digital credit strategy, led by STRC, which aims to double bitcoin-per-share within seven years.