Strategy pauses its Bitcoin buying spree to hoard a massive $3 billion cash cushion
Strategy now has more than 20 months of coverage for preferred-stock dividends and debt interest.
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Summary
- Strategy has not purchased any bitcoin since June 22. Since then, it has sold 3,588 BTC and increased its US dollar reserve to $3 billion.
- The reserve provides 20.4 months of coverage, giving Strategy greater flexibility to navigate a bitcoin bear market while continuing to meet its dividend and interest obligations.
