A $1.44 billion reserve has been launched to cover upcoming dividend payments and interest obligations, according to a recent SEC filing. The fund was established through recent sales of Class A common stock.
The initiative aims to shield the treasury from market volatility, particularly in Bitcoin, which has affected companies with large crypto holdings. The reserve is expected to cover at least 12 months of preferred‑stock dividends and debt servicing, and potentially up to 24 months. It provides liquidity flexibility, reducing the need to sell Bitcoin under unfavorable conditions and ensuring stability for investors.
Market observers will monitor how the reserve is maintained and whether it expands to address ongoing crypto market fluctuations. Adjustments to the reserve may be made based on Bitcoin price movements, upcoming obligations, and liquidity needs. The filing indicates the company’s commitment to managing risk and protecting shareholder value.
Source: SEC filing
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