Strategy CEO Says Firm Is Bitcoin’s ‘Central Bank,’ Holds $4.75 Billion in Cash

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Strategy says it is moving beyond simply holding Bitcoin and shifting toward a digital finance platform, with ambitions to serve as the Bitcoin market’s “central bank.”

In an interview with CoinDesk published on Aug. 10, Chief Executive Officer Phong Le said the company holds $4.75 billion in cash, enough to cover about 2.7 years of dividends.

The larger cash cushion reflects demand from preferred stock investors. Le said the company initially believed investors would place a high value on Bitcoin because of its liquidity and long-term price appreciation. It later found that institutions and investors managing short-term capital place greater importance on cash.