Strategy's Dividend Coverage Plummets from 7 Years to 14 Months; CryptoQuant Urges Bitcoin Purchase Pause
By
@cointelegraph
Summary
Strategy (formerly MicroStrategy), led by Michael Saylor, has seen its dividend coverage collapse from 7 years to just 14 months after issuing substantial STRC preferred stock with an 11.5% yield, quadrupling dividend obligations to $1.2 billion. CryptoQuant recommends the company pause Bitcoin purchases and focus on rebuilding its cash reserve, which has declined 38% year-to-date. MSTR shares have also fallen below $100 for the first time since March 2024.
Source
bskyStrategy's Dividend Coverage Plummets from 7 Years to 14 Months; CryptoQuant Urges Bitcoin Purchase Pausecointelegraph.comKey quotes
· 3 pulledThey should pause Bitcoin purchases and focus on replenishing its cash reserve, which is down 38% year-to-date.
Strategy's dividend obligations have nearly quadrupled to $1.2 billion, as the company issued substantial new STRC preferred stock, which carries an 11.5% yield.
MSTR shares trading below $100 for the first time since March 1, 2024.
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