Strategy (NASDAQ:MSTR) CEO Fong Lee is doubling down on the company’s long-term Bitcoin (CRYPTO: BTC) vision, clarifying its treasury tactics and why selling BTC remains the last resort.
What Happened: Months after hinting on a podcast that Strategy might unload Bitcoin to fund dividends if its market net asset value ever dropped to parity, the company did the opposite: it built a massive $1.44 billion cash reserve, enough to cover dividends for nearly two years, and boosted its holdings to 650,000 BTC, more than 3% of all Bitcoin in …
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