Strategy Holds 649,870 Bitcoin, Asserts 71 Years of Dividend Coverage

Strategy, a business intelligence software firm, announced it has 71 years of dividend coverage even if the Bitcoin price remains flat. This indicates the firm is not concerned about Bitcoin's price drop.

Key Points:

Strategy holds 649,870 BTC and recently purchased 8,178 BTC.
The firm's valuation basis for Bitcoin is $87,000/BTC, with a total BTC value of $56 billion.
Annual dividend coverage is $700 million, against total debt obligations of $8.2 billion.
Cern Basher believes market conditions aim to pressure Strategy into selling its holdings.
Reports suggest Strategy started selling BTC, with claims of 33,000 BTC sold.
Michael Saylor refuted the sell-off rumors, maintaining a HODL strategy.