Software firm Strategy holds nearly 850,000 bitcoin valued at just over $50 billion, with recent purchases partly funded by debt and stock issuance. Michael Saylor said AI chatbots helped him earn $15 billion last year through the company's bitcoin-backed preferred stock. STRC, carrying a 12% annual dividend yield, has recovered to near $100 after dropping to around $75 in late June. Strategy's common stock has fallen about 80% over the past year alongside bitcoin's decline. The company recently sold some bitcoin to manage debt and dividend commitments while building a $4 billion cash reserve.
Strategy, the software company, now holds nearly 850,000 bitcoin worth just over $50 billion, with some recent purchases funded through debt and stock issuance.
Michael Saylor's fortune has moved with bitcoin's price since he pivoted the company toward bitcoin accumulation in 2020. Saylor said AI chatbots helped him generate $15 billion last year through the company's bitcoin-backed preferred stock.
STRC, Strategy's preferred stock, carries a 12% annual dividend yield. Its price has recovered to near $100 after falling to about $75 in late June. Over the past year, Strategy's common stock has dropped roughly 80% as bitcoin declined.
The company recently sold a portion of its bitcoin holdings to manage debt and dividend commitments. It has also built a $4 billion cash reserve, providing roughly two years of funding support before its next financing round. Saylor added that he used ChatGPT's deep research mode in May last year to design the company's convertible preferred stock product.
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