Strategy CEO Phong Le stated that the company raised $1.44 billion in eight days to strengthen financial stability and reduce investor panic due to the BTC market downturn.
- The funds were raised through an additional share issue.
- The reserve will be used to pay dividends for 21 months (later up to 24 months).
- The goal is to show that the company can attract capital even during a BTC bear cycle.
"We were not planning to sell BTC and could calmly pay dividends, but FUD arose around us. Therefore, we created a dollar reserve to prove that Strategy remains financially stable."
The company publicly responded that it has enough assets to ensure payouts for more than 70 years.
Disclaimer: This article was created by the author(s) for general informational purposes and does not necessarily reflect the views of DropsTab. The author(s) may hold cryptocurrencies mentioned in this report. This post is not investment advice. Conduct your own research and consult an independent financial, tax, or legal advisor before making any investment decisions.