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Strategy boosts US dollar reserves to $2.19B for crypto winter
Michael Saylor’s company Strategy said on Monday that it increased its U.S. dollar reserves to $2.19 billion after raising about $748 million through common stock sales. According to TD Securities, a unit of investment bank TD Cowen, wrote The Block, the enlarged cash reserve is sufficient to cover the company’s interest and dividend obligations for roughly 32 months and should help it withstand challenging market conditions. TD Cowen said the additional funds strengthen Strategy’s ability to operate through a “prolonged crypto winter” by enhancing liquidity and financial flexibility. The investor note also ... (full story)
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