Alex Thorn Says Strategy Should Seek Income From Bitcoin Holdings Instead of Selling Spot BTC

Galaxy Digital research head Alex Thorn said Strategy should explore generating income from its Bitcoin holdings rather than selling spot BTC. According to Odaily, Thorn made the comments in a July 3 research report. Strategy previously introduced a five-part Digital Credit Capital Framework, including a U.S. dollar reserve policy, a revised STRC dividend policy, a $1 billion preferred stock repurchase authorization, a $1 billion MSTR stock repurchase authorization, and a Bitcoin monetization plan. The company also raised STRC’s annual dividend rate to 12% from 11.5%. Strategy currently holds 847,363 BTC and has raised more than $1 billion through common stock sales, increasing its cash coverage period to about 17 months. Thorn said Strategy could allocate a small portion of its BTC to conservative lending or options strategies to generate income while retaining most of its upside exposure. Thorn added that Strategy still faces preferred stock obligations and $6.7 billion in outstanding convertible debt maturing from 2027 to 2028.