Strategy CEO Says $1.44B Cash Move Aimed at Calming Bitcoin Jitters

[madtrader]

Strategy CEO Phong Le says the company’s newly established $1.44 billion USD reserve is designed to soothe investor worries as Bitcoin slumps. Speaking on CNBC’s Power Lunch, Le said the cash raise was part of an effort to “get rid of this FUD” about the company’s financial stability.
The reserve, funded through a stock sale, ensures at least 12 months of dividend coverage, with plans to extend that to 24 months. Le emphasized that despite market pressure, Strategy “wasn’t going to have an issue” paying dividends or needing to sell Bitcoin.

[Nahid Hossen]

A $1.44B liquidity move shows strong commitment to stabilizing the market.

[Abdul Khan]

Bold decisions like this can ease short-term volatility, but long-term effects remain to be seen.