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0.00313440107179834 0.00410998112173441 0.00822118019609034 0.00675963705011866 0.0074904086231045 -0.0350770355033189 -0.0356811400036538 -0.0372084525911943
Stock impact report

Strategy Unveils Dollar Reserve to Soothe Bitcoin Sales Concern [Yahoo! Finance Canada]

Strategy Inc - Class A (MSTR) 
Last strategy inc - class a earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.microstrategy.com
future dividend and interest payments, tempering concern that the Bitcoin accumulator may be forced to sell some of its roughly $56 billion cryptocurrency haul if token prices continue to fall. Most Read from Bloomberg The Tysons Corner, Virginia-based company said in a statement on Monday that the new reserve, funded by proceeds from the sale of shares of class A common stock, would cover at least 21 months of dividend payments. Over time, it plans to maintain enough cash in the reserve to cover up to two years of payments. Strategy's mNAV — a key valuation metric comparing the firm's enterprise value to the value of its Bitcoin holdings — sat at about 1.2 on Monday, according to its website, spurring investor fears it may soon turn negative. If that were to happen, its CEO Phong Le had suggested the firm could sell some of its Bitcoin. “We can sell Bitcoin and we would sell Bitcoin if we needed to fund our dividend payments below 1x mNAV,” Le said on a podcast on Friday, not Show less Read more
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