stated the firm responded to growing questions about its financial stability as Bitcoin extfinished its decline. He stated some investors feared that the company could struggle to meet future obligations.
Le stated Strategy shiftd quickly by raising capital and placing US dollars on its balance sheet. He explained that the goal was to reduce fear, uncertainty, and doubt surrounding its financial state. On Monday, the company confirmed the new $1.44 billion reserve. Strategy stated the amount came from a stock sale completed within eight and a half days.
The firm stated the reserve will fund at least 12 months of dividfinish commitments. It plans to expand that coverage to 24 months to build a stronger liquidity runway. As Le noted, some investors questioned whether the company could continue paying dividfinishs if the stock price fell too far. He called those concerns unfounded.
He stated Strategy did not expect to sell Bitcoin to meet dividfinish requireds. Phong Le stated that the firm also did not expect problems meeting near-term obligations. He stated the concern itself drove market pressure as traders increased short positions against Bitcoin and the company. He described this as a secondary effect of circulating fear.
Leave a Reply