Strategy Inc. (Nasdaq: MSTR) now pairs a $3 billion U.S. dollar reserve with 843,775 BTC worth roughly $55 billion, a barbell structure executive chairman Michael Saylor is pitching as the company’s path through the bear market.
Key Takeaways
Strategy holds $3 billion in USD reserves against 843,775 BTC worth about $55 billion as of July 16.Saylor’s firm has bought no bitcoin since June 22 and sold 3,588 BTC to help build its cash position.The $3 billion reserve covers roughly 20 months of dividends and interest if the downturn deepens.The numbers he showcased were striking: an effective yield of 16.69% on the company’s junior STRD preferred securities and 13.79% on its flagship STRC offering, against roughly 4% on comparable U.S. government bond funds. Critics counter that those yields are inflated by the instruments’ depressed prices (STRD trades near $60.42 and STRC near $88.28), meaning the market is demanding a steep risk premium, not applauding the model.
