MicroStrategy raises $700 million to expand its dollar reserves without buying Bitcoin, preparing for the crypto winter?

The pioneer of Bitcoin reserve strategy, MicroStrategy Strategy (, raised $748 million through the issuance of common stock MSTR, expanding its USD reserves to $2.19 billion. This fund will be used to pay dividends on preferred stock over the next 32 months while suspending Bitcoin acquisitions. Is this largest digital asset financial company preparing for a long crypto winter?

MicroStrategy recently announced the establishment of a dollar reserve to pay future dividends and interest, alleviating people's concerns. According to information from its official website, MicroStrategy currently needs to pay annual dividends of 824 million dollars, and its dollar reserves are sufficient to cover 31.9 months of dividends. Currently, the value of the Bitcoin held by the company is a total of 59.4 billion dollars, which is enough to cover 72.2 years of dividends. The company's mNAV ) currently has a stock price and the value of its Bitcoin holdings at ( being 1.09 times, and it has not fallen below 1.

MicroStrategy announced yesterday that it raised $748 million through the issuance of common stock (MSTR), expanding its US dollar reserves to $2.19 billion. The entire amount raised will be used for US dollar reserves. The company also suspended Bitcoin acquisitions last week, leading the market to speculate:

Is this largest digital asset financial company preparing for the long crypto winter?

MicroStrategy holds 671,268 Bitcoins, with a cost of 50.3 billion USD, and a current market value of approximately 59.4 billion USD, with an unrealized gain of about 18%.

MSTR stock price fell slightly yesterday, closing at 164.32 dollars, down 45% year to date.

This article discusses MicroStrategy raising $700 million to expand its dollar reserves without purchasing Bitcoin, preparing for the crypto winter? Originally appeared on Chain News ABMedia.