PANews reported on December 23 that, according to Coindesk, Strategy (MSTR), the publicly traded company holding the most Bitcoin, has increased its dollar reservesPANews reported on December 23 that, according to Coindesk, Strategy (MSTR), the publicly traded company holding the most Bitcoin, has increased its dollar reserves

Strategy has increased its dollar reserves to $2.2 billion to secure dividend payments for the next two and a half years.

2025/12/23 19:12

PANews reported on December 23 that, according to Coindesk, Strategy (MSTR), the publicly traded company holding the most Bitcoin, has increased its dollar reserves to $2.2 billion to secure dividend payments for the next two and a half years and reduce financial pressure from a potential "crypto winter" caused by Bitcoin's four-year cycle.

The company increased its reserves by $748 million through Monday's stock sale. This cash buffer not only alleviates short-term liquidity pressures but also supports the company's operations during periods of high market volatility. The reserves will primarily be used to pay preferred stock dividends, totaling approximately $824 million annually, while also providing repayment security for $1 billion in convertible bonds maturing in September 2027.

Currently, MSTR's share price is approximately $163, about 12% lower than the convertible bond conversion price of $183. If the share price falls below the conversion price, the company will settle in cash; if it reaches or exceeds the conversion price, settlement will be made in equity. Furthermore, MSTR holds 671,268 BTC, meaning it only needs to utilize a small portion to meet its cash repayment requirements.

MSTR's Chief Risk Officer, Jeff Walton, stated that current cash reserves are sufficient to cover convertible bond repayments in September 2027 and provide an additional 15 months of preferred stock dividend payment guarantees. Despite a year-to-date share price decline of approximately 45%, the company has further solidified its financial health by strengthening its cash reserves.

According to previous reports, global listed companies made a net purchase of $26.35 million worth of BTC last week, while Strategy did not increase its holdings .

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