Michael Saylor suggested Strategy may sell some Bitcoin to pay dividends, signaling a shift in capital management. The firm holds 818,334 BTC with a 9.4% return YTD 2026 and $STRC reaching $8.5B. Markets eye potential selling pressure.
Michael Saylor said Strategy may sell Bitcoin if it benefits the company, potentially even to pay dividends. With 818,334 BTC on its balance sheet, the remark drew attention because of Strategy’s long-standing buy-and-hold image.
Kraken and Backed Finance launch xStocks on Solana, enabling 24/7 trading and instant settlement. But KYC-only mint/redeem for non-US investors, lack of weekend liquidity causing price peg issues, and high slippage for large trades challenge the tokenized stock value proposition.
Kraken and Backed Finance launch xStocks, tokenized stocks on Solana with 24/7 trading, instant settlement, and DeFi composability. However, liquidity issues on weekends cause price slippage, making them less efficient than synthetic perps.
Matador Technologies says it plans to acquire up to 6,000 BTC by 2027, with an interim target of 1,000 BTC by 2026. The company currently holds 77.4 BTC and has filed a CAD $900 million base shelf prospectus to support the strategy through flexible fundraising options.
Strategy’s Q2 2025 earnings call highlighted how the company is using Bitcoin as the center of shareholder value creation. With 628,791 BTC in reserves, a 25% year-to-date Bitcoin yield, and EPS of $32.60, the company outlined a treasury model built on Bitcoin per share growth, preferred stock issuance, mNAV-based ATM guidance, and large-scale capital market fundraising.
Twenty One Capital, Inc. said it will receive an additional 5,800 Bitcoin from Tether at the closing of its business combination with Cantor Equity Partners (Nasdaq: CEP), bringing its total Bitcoin holdings to more than 43,500 BTC. That would make the company the third largest corporate Bitcoin treasury in the world. The firm disclosed a blended average acquisition cost of $87,280.37 per BTC and said that, once listed, its shares will trade under the ticker XXI, with each share representing roughly 12,559 sats. The company also introduced Bitcoin Per Share, or BPS, as a replacement for the traditional EPS metric so investors can evaluate performance in Bitcoin terms. Management framed Twenty One as a new kind of public company built directly around Bitcoin rather than around legacy financial conventions. The firm further said all of its Bitcoin will be held transparently on-chain, with real-time Proof of Reserves available for verification. Tether CEO Paolo Ardoino endorsed the model, describing Bitcoin as a foundational protocol for freedom, transparency, and resilience. Ownership in Twenty One will be led by Tether and Bitfinex with a majority stake, while SoftBank will participate as a significant minority investor alongside PIPE investors, CEP public shareholders, and Cantor Fitzgerald.
Matador Technologies Inc. (TSXV: MATA) announced a bold Bitcoin acquisition plan: to hold 6,000 BTC by 2027, with an interim target of 1,000 BTC by 2026. Currently holding 77.4 BTC, the company intends to become one of the top 20 corporate Bitcoin holders globally and eventually own 1% of total supply. To fund this, Matador has filed a CAD 900 million base shelf prospectus, allowing capital raising via equity, debt, or units, pending regulatory approval. At an average price of CAD 151,659 per BTC, this could yield approximately 5,934 BTC, totaling ~6,011 BTC. The strategy focuses on increasing Bitcoin per Share (BPS), generating yield from volatility, and launching Bitcoin-native financial products, while supporting ecosystem partners like HODL Systems in India.
