Saylor Highlights Strategy’s BTC Breakeven ARR, Says 3.3% BTC Growth Can Fund Dividends

Michael Saylor spotlighted Strategy’s “BTC Breakeven ARR” on Tuesday, July 7, arguing Bitcoin (BTC) needs only 3.3% annual growth to fund the firm’s preferred dividends from capital gains indefinitely. According to BeInCrypto, the metric divides annual preferred dividend obligations—about $1.76 billion—by the value of Strategy’s corporate Bitcoin reserve. Strategy reports holding 843,775 BTC, worth roughly $53.8 billion with BTC near $63,603, versus 818,334 BTC disclosed in its May earnings release. Critics cite rising obligations, including $229.5 million in preferred dividends in Q1 2026, and JPMorgan’s warning that Strategy’s Bitcoin sales policy could add up to $1.25 billion in sell pressure.