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Phong Le, the CEO of Bitcoin treasury company Strategy, outlined conditions in a Friday interview under which the company would sell some of its Bitcoin holdings. The company will sell Bitcoin to pay the dividend on its Series A Perpetual Stretch Preferred Stock (STRC), a corporate credit instrument that pays an 11.5% dividend to holders, and to defer or offset taxes, Le told CNBC. He added: “I believe in math over ideology, and at the point where selling Bitcoin versus selling equity to pay a dividend is better for our Bitcoin per share, and for our common shareholders, we will do it.” Le added that the company would only sell BTC to pay for the yield owed to holders of its credit instruments if the sales are “accretive” to Strategy’s shareholders, meaning the company increases the BTC per share metric. Source: Phong Le The comments came after Strategy co-founder Michael Saylor said that th
Strategy CEO Phong Le has highlighted scenarios in which the company would offload some of its Bitcoin holdings. This explanation follows the treasury firm’s chairman, Michael Saylor, hinting at the possibility of strategically selling portions of its BTC over the past week. Why Strategy Could Shed Some Of Its Bitcoin Holdings In an interview with […]
Sometimes, companies pick CEOs based on carefully laid succession plans designed to maximize investor confidence and future performance. Other times, apparently, companies pick CEOs based on a bunch of video calls while the current CEO is texting the former CEO about who the new CEO even is. Such was the story of The Blip, the days in 2024 when Sam Altman was ousted from OpenAI. We knew that situation was chaotic; the ongoing Musk v. Altman trial is showing just how chaotic it really was.
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The week leading up to Thanksgiving 2023 was the AI industry's biggest soap opera moment. OpenAI CEO Sam Altman was abruptly ousted from his role at the ChatGPT-maker. The explanation? That Altman was "not consistently candid in his communications with the board." Now, via witness testimony and trial exhibits in Musk v. Altman, the public is getting a concrete look behind the scenes of that dramatic weekend for the first time, much of it centered on former CTO Mira Murati.
It was a unique situation in that the rollercoaster of a power play - which seemed to change every hour - took place, in many ways, publicly. The board's strikingly vague …
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Christophe Fouquet, who became ASML's CEO in 2024 after more than a decade at the company, sat down with this editor on the rooftop deck of his Beverly Hills hotel Tuesday morning ahead of his appearance at the Milken Institute Global Conference. Dressed in a blue suit and white shirt, he was relaxed — even when the conversation turned to the rivals.
