Strategy Establishes $1.4 Billion Reserve for Dividends and Interest
- Strategy has set up a $1.4 billion USD reserve to support dividend payments and interest obligations.
- The reserve was funded by selling MSTR Stock, with plans to cover at least 24 months of obligations.
- The company increased its regular dividend rate on STRC Stock.
- From mid-November to month-end, Strategy raised $1.48 billion and purchased 130 Bitcoin, bringing total holdings to 650,000 BTC.
- Thomas Chow was appointed as Executive Vice President & General Counsel, succeeding Wei-Ming Shao.
Strategy has allocated a $1.4 billion reserve from stock sales to stabilize dividends and interest payments, while also boosting its Bitcoin holdings to 650,000 BTC.
Source (3.2)https://cryptobriefing.com/usd-reserve-strategy-dividend-support/?rand=59535