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Michael Saylor stated that MicroStrategy's USD cash holdings will be used for corporate purposes such as purchasing Bitcoin, paying dividends and interest, repurchasing stock, repaying convertible bonds, and increasing USD reserves.
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Previous: Bond yields reach multi-year highs, but Barclays finds bonds at fair value and not yet cheap
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Next: Michael Saylor announced that Strategy's ($MSTR) USD reserves have increased to $5.1 billion, with an additional $1.59 billion in cash and $136 million in $STRC repurchased; as of August 23, Strategy holds approximately 4% of the total Bitcoin supply, with a net leverage ratio of 0%.
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