- Strategy said it is moving beyond simply holding Bitcoin and shifting into a digital finance platform, where it aims to serve as the market’s central bank.
- CEO Phong Le said the company holds $4.75 billion in cash, enough to cover about 2.7 years of dividends, and that the move reflects demand from preferred stock investors.
- Strategy said it developed preferred stock product STRC for investors seeking Bitcoin-linked returns with lower volatility, and that it now holds 840,000 BTC, or about 4% of Bitcoin’s maximum supply.
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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.
In response, Strategy developed preferred stock products including STRC for investors seeking Bitcoin-linked returns with lower volatility. Le said the products need to work properly to support MSTR and the company’s broader Bitcoin strategy, even if Strategy still wants exposure to Bitcoin.
