Strategy raised $1.44B to dispel ‘FUD’ amid a Bitcoin down cycle: CEO

Strategy CEO Phong Le stated that the company raised a $1.44 billion USD reserve in just eight and a half days through a stock sale specifically to alleviate investor concerns, or 'FUD,' regarding its ability to meet debt and dividend obligations during a Bitcoin slump. Le clarified that while the company was not facing immediate issues paying dividends or needing to sell Bitcoin, the capital raise was intended to dispel rumors that they could not meet obligations, which was fueling short bets against Bitcoin. The $1.44 billion reserve is sufficient to cover 21 months of dividend obligations, with plans to expand this runway to 24 months. Le emphasized that the successful raise also demonstrated Strategy's continued ability to secure capital even during a Bitcoin downcycle.

(Source：Cointelegraph)