The post Strategy Bitcoin steady as firm announces first preferred dividend appeared on BitcoinEthereumNews.com.

Strategy, the company led by Bitcoin advocate Michael Saylor, has announced the initial quarterly cash dividend for its 8.00% Series A Perpetual Preferred Stock (STRK). As per the announcement, STRK holders, as of March 15, will be paid dividends totaling $1.25 per share on March 31. Like other corporations, Strategy’s decision to return profits to shareholders indicates the firm’s direction of financial growth. Strategy has already taken steps that have both thrilled investors and generated buzz. A dividend decision will cement its profile with institutional and retail investors. This approach uniquely blends innovation in the digital asset space with traditional economic incentives, making the company even more attractive to stakeholders. Strategy holds off on buying more Bitcoin Over the last several months, Strategy has further increased its already enormous BTC balance. Michael Saylor, the company’s CEO, has made it a point to keep the company’s policy consistent with that of a buyer, especially when prices are falling. However, last week was a shift—Strategy halted its Bitcoin purchases. Michael Saylor, former CEO and executive chairman of newly renamed Strategy. Dominic Gwinn—Middle East Images/AFP Although the company has temporarily ceased purchasing, its BTC reserves are still quite large. For now, the company is the largest corporate owner of Bitcoin and has 499,096 BTC in its strategy. It has spent $33.1 billion on its Bitcoin, at an average cost per Bitcoin of $66,357. The price of the leading crypto recently hit around $93,000 per BTC, which also boosted Strategy’s stock significantly after the company’s holdings were valued around that figure. If Strategy were to convert its entire Bitcoin holdings at the current price, it would secure a paper profit exceeding $13 billion. However, the company remains committed to its long-term belief that BTC’s value will continue to rise. This also explains why Strategy…

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Filed under: News - @ March 3, 2025 7:26 pm