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Morning Edition · Wednesday, August 12, 2026Published at 1:36 AM EDT · New York
Strategy Holds a $4.6 Billion Cash Buffer and Says It Will Resume Bitcoin Purchases This Year
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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Leveraged Bitcoin Treasury Vehicles Show Financing Strain
Over ~3-9 months, Bitcoin treasury companies face mounting financing stress as their funding instruments trade below par on dividend-coverage doubts, testing the sustainability of the debt/preferred-funded accumulation model.
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