Strategy, a known business intelligence firm, has announced an increase in its dividend rate attributed to the growth of its Bitcoin holdings. This decision has drawn the attention of the crypto community.
Increase in Dividend Rate
Strategy has raised its annual dividend rate from 9.0% to 10.0% on September 2. This reflects the growth in the company's operational and financial performance, enhancing investor confidence.
Large Bitcoin Purchase
The company recently acquired 4,048 BTC worth approximately $449.3 million, with an average purchase price of $110,981 per BTC. As of now, the company holds a total of 636,505 BTC.
Impact on Market Capitalization
The company’s market capitalization has reached $2.74 billion. The increase in dividends is linked to impressive Bitcoin earnings, enabling the company to offer higher dividend payouts to shareholders.
The decision to raise dividends emphasizes Strategy's success in the cryptocurrency sector, strengthening its market position and opening up new growth opportunities for its shares.
