Strategy sets up $1.4B cash reserve, lifts Bitcoin stash to 650,000 BTC
Strategy established a $1.44 billion USD reserve from stock sales to cover at least 12 months of dividends and increased its Bitcoin holdings to 650,000 BTC.Summary
Strategy, the world's largest public Bitcoin holder led by Michael Saylor, announced the creation of a $1.44 billion US dollar reserve. This reserve was funded through proceeds from selling Class A common stock and is intended to cover at least twelve months of preferred stock dividends, with a goal of eventually covering 24 months or more.
Simultaneously, Strategy disclosed an additional purchase of 130 Bitcoin for $11.7 million, bringing its total holdings to 650,000 BTC, acquired at an average cost of $48.38 billion. Founder Michael Saylor stated that establishing this USD Reserve complements their existing BTC Reserve and better positions the company to navigate short-term market volatility.
CEO Phong Le noted that the current USD Reserve already covers 21 months of dividends, reinforcing the company's commitment to credit investors and shareholders within the broader Bitcoin ecosystem.
(Source：Cointelegraph)