Morning Edition · Wednesday, August 12, 2026Published at 1:36 AM EDT · New York
The reserve covers close to three years of dollar obligations, which is what keeps any bitcoin sales voluntary rather than forced.

Strategy, the largest corporate holder of bitcoin, has built a $4.6 billion cash position that covers close to three years of its dollar obligations, principally the dividends on its preferred shares and interest on its debt. Chief executiv…
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