Michael Saylor’s latest chart has renewed attention on the company’s bitcoin plans, but recent BTC sales, no purchases since June 22 and a $3 billion cash reserve leave its next transaction uncertain.
Key Takeaways
Saylor’s “What’s next?” post showed the company’s 843,775 BTC position but did not disclose a new transaction.Strategy raised $466.7 million through common-stock sales and increased its cash reserve to $3 billion during the week ended July 12.Recent bitcoin sales and 20.4 months of dividend coverage have expanded the company’s options for meeting preferred-stock obligations.
