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Strategy (formerly MicroStrategy) effectively decoupled its shareholder payouts from Bitcoin’s volatility since December start, establishing a $1.44 billion USD reserve to service its growing debt and preferred stock obligations.
The reserve was funded via proceeds from the sale of Class A common shares under Strategy’s at-the-market offering program. According to management, the fund is meant to pay out dividends for at least a full year.
The go…
Read The Full Article Saylor’s Strategy Builds $1.44B ‘Cash Moat’ to Protect Dividends, Cuts Bitcoin Outlook On Coin Edition.
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