Strategy boosts cash reserve to $2.55 billion
A key part of the new framework is the company's cash reserve, which it said has grown to $2.55 billion, or enough to cover about 17 months of preferred stock dividends and interest payments.
Under the new policy, the reserve can only be used for those payments and must be maintained at a minimum of 12 months unless the board approves otherwise.
Strategy executive chairman Michael Saylor said the existing cash reserve, combined with the $1.25 billion Bitcoin monetization capacity, gives Strategy up to $3.8 billion in dividend coverage, or nearly 26 months.
Related: Grayscale's Pandl says Strategy should sell $3B Bitcoin to restore confidence
“Strategy expects to remain disciplined in its use of MSTR issuance, particularly when the stock trades at or near 1x mNAV,” Saylor added.
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A key part of the new framework is the company's cash reserve, which it said has grown to $2.55 billion, or enough to cover about 17 months of preferred stock dividends and interest payments.
Under the new policy, the reserve can only be used for those payments and must be maintained at a minimum of 12 months unless the board approves otherwise.
Strategy executive chairman Michael Saylor said the existing cash reserve, combined with the $1.25 billion Bitcoin monetization capacity, gives Strategy up to $3.8 billion in dividend coverage, or nearly 26 months.
Related: Grayscale's Pandl says Strategy should sell $3B Bitcoin to restore confidence
“Strategy expects to remain disciplined in its use of MSTR issuance, particularly when the stock trades at or near 1x mNAV,” Saylor added.
$BTC
#sylor