Strategy's Bitcoin sales will not move the markets, despite it owning more than 4% of the digital currency's maximum supply, Le said. Phong Le, the CEO of Bitcoin treasury company Strategy, outlined conditions during an interview on Friday, 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: 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. The comments came after Strategy co-founder Michael Saylor said that the company might sell portions of its BTC periodically, stoking fears among BTC investors about the potential impacts of Strategy’s sales on Bitcoin’s market price. Related: Samson Mow defends Strategy selling portions of its Bitcoin treasury “We’ll probably sell some Bitcoin to fund a dividend, just to inoculate the market, just to send the message that we did it,” Saylor said in an earnings call on Tuesday. Saylor added that if BTC appreciates by more than 2.3% annually, Strategy could fund its dividend payments “forever” without selling Strategy’s stock and diluting shareholders.