Strategy Inc. Adds New Cash Reserve for Corporate Needs
Strategy Inc., led by Michael Saylor, is introducing a new pool of cash to its balance sheet toolkit. The move aims to preserve flexibility as its financing model comes under pressure.
The company has established USD Cash, which will sit alongside its existing reserve and can be used for various corporate needs, including buying Bitcoin, funding preferred-stock dividends, repaying debt, or repurchasing securities.
The newly created USD Cash pool currently holds $1.59 billion, according to Strategy Inc.