Strategy CEO Phong Le announces a $1.44 billion cash reserve to reassure investors worried about Bitcoin volatility. The funds aim to cover dividends and debt obligations without selling any Bitcoin. Le raised the capital in just over a week to combat market speculation. The move is meant to prove Strategy’s resilience in a downturn.
The reserve, funded through a stock sale, secures 12 months of dividend payments with plans to extend to 24 months. Strategy’s new “BTC Credit” dashboard shows assets for over 70 years of dividends. Despite a slowdown in Bitcoin accumulation, Strategy holds approximately 650,000 BTC on its balance sheet. The company shifts to a dual-reserve model to navigate a potential bear market.
Read more at Yahoo Finance: Strategy CEO Says $1.44B Cash Reserve Aims to Calm Bitcoin-Slump Fears
