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I suspect the issue is they still need cash for 1. dividends 2. Further dilution, er acquisition. They have some put away for the near term dividends. But you c
by donavanm 7mo ago
I suspect the issue is they still need cash for 1. dividends 2. Further dilution, er acquisition. They have some put away for the near term dividends. But you can see the negative feedback loop if they cant make those payments/acquisitions. Having a huge hole in the books wont help for raising cash through lending, or asset sales realizing the loss.
Re: 10% specifically, i havent checked but Im guessing thats a floor on their cost basis for a bunch of holdings going negative.
- kristianp 7mo agoYes their pattern is to issue bonds/equity to buy more btc and fund debt repayments. If people are no longer buying it causes problems. Not an unexpected outcome at all!
- latchkey 7mo ago"As of early 2026, Strategy (formerly MicroStrategy) holds approximately $2.3 billion in cash and cash equivalents, including a $2.25 billion USD reserve specifically for covering preferred stock dividends." Everything is documented on their website... https://www.strategy.com/ https://www.strategy.com/
- kristianp 7mo agoIf you subtract those 2 numbers you're left with $50 million. Does that mean they only have enough cash to pay 6 months of dividends? They still need to come up with more cash to maintain the dividends after that.