# Пов'язані статті щодо Net Accumulator

Michael Saylor: I Did Say I Would Sell Bitcoin, But It's to Buy More

Michael Saylor addresses recent controversy after MicroStrategy's announcement that it may sell Bitcoin to pay dividends on its STRC digital credit product. He clarifies that the company will never be a "net seller" of Bitcoin. The strategy involves selling STRC (secured by Bitcoin) to raise capital, which is then used to buy more Bitcoin. Bitcoin's capital appreciation (estimated at 30-40% annually) is expected to outpace the dividend yield (~11%), ensuring continuous net accumulation. Saylor explains this as leveraging Bitcoin's status as "digital capital" to create superior digital credit instruments. He emphasizes that MicroStrategy, a major issuer of preferred stock (STRC), will remain a net buyer of Bitcoin despite any sales for dividends, due to the larger scale of its purchasing activities. He also dismisses concerns about MicroStrategy's ability to move the highly liquid Bitcoin market and reiterates his unchanged thesis that Bitcoin is the foundational asset for digital credit and finance.

marsbit05/12 00:35