MicroStrategy Boosts Cash Reserve, Secures Bitcoin Buffer

MicroStrategy, the leading public company bitcoin holder, has bolstered its cash reserve to $2.2 billion by selling stock, providing a 2.5-year buffer for dividends and potential bitcoin market downturns. The cash is primarily allocated for preferred stock dividends, covering operations until the next bitcoin halving in April 2028. This strategic move also aligns with a significant bond deadline in September 2027, offering flexibility amidst market fluctuations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.