Strategy launches $1.4 billion reserve to support dividend payments
Crypto Briefing
Strategy established a $1.4 billion reserve, funded by stock sales, to secure dividend and interest payments.Summary
Strategy, a major corporate Bitcoin holder, has created a $1.4 billion USD reserve to ensure the stability of its dividend and interest payments, as detailed in a recent SEC disclosure. This reserve was funded by raising $1.48 billion through ATM stock sales between mid-November and month-end, during which time the company also acquired 130 Bitcoin, increasing its total holdings to 650,000 BTC. Furthermore, Strategy announced an increase in its regular dividend rate for STRC Stock and named Thomas Chow as the new Executive Vice President & General Counsel, replacing Wei-Ming Shao.
(Source：Crypto Briefing)