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Arthur Hayes: Bitcoin's Sideways Trading Leaves Strategy with Three Options: Issuance, Selling, or Dividend Cuts

OdailyOdaily
BTCUSDT--

Odaily News: Arthur Hayes said that Bitcoin has been trading sideways around $80,000 for most of this week, which may undermine the foundation of Strategy's Bitcoin strategy. Strategy currently holds 840,447 bitcoins and needs to pay approximately $1.5 billion in dividends annually for STRK and STRC.

Digital asset treasury company Strategy has an enterprise value mNAV of approximately 1.01x, with basic mNAV and diluted mNAV at approximately 0.73x and 0.74x respectively as of August 27, close to the book value of its Bitcoin holdings.

Arthur Hayes pointed out that Michael Saylor can choose to issue new shares, sell Bitcoin directly, or cut preferred stock dividends. The STRK dividend yield is 8%, and the STRC dividend yield ranges from 10% to 11.5%. (Bitcoin.com News)

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.