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01/12/25 09:44 UTC-04

Strategy Creates a $1.44 Billion Reserve and Appoints a New General Counsel

Strategy Inc (MSTR) announced on December 1 the creation of a $1.44 billion cash reserve to ensure dividend payments on preferred shares and interest on outstanding debt. The reserve was established using proceeds from the company’s at-the-market stock offering program.

The company stated that it intends to maintain a cash reserve sufficient to fund dividend payments for at least 12 months, with the longer-term goal of covering 24 months or more. Strategy noted that the reserve amount is at its own discretion and may be adjusted depending on market conditions and liquidity needs.

Between November 17 and 30, Strategy sold 8.214 million Class A shares through its at-the-market offering program, receiving net proceeds of $1.478 billion. The company reported that $14.375 billion remains available for future issuance and sale of shares.

Strategy also disclosed the purchase of 130 bitcoins during the same period at a total cost of $11.7 million, at an average price of $89,960 per bitcoin. As of November 30, the company held 650,000 bitcoins with a total acquisition cost of $48.38 billion and an average purchase price of $74,436.

The company announced several dividend payments scheduled for December 31 to shareholders of record as of December 15, including quarterly dividends of $2.00 to $2.50 per share for various series of preferred stock.

Strategy appointed Thomas K. Chou as Executive Vice President, General Counsel, and Corporate Secretary, effective immediately. Chou has more than 20 years of experience in digital assets, fintech, and software companies, previously serving as General Counsel at Chia Network and Permuto Capital.

Wei-Ming Shao stepped down from the roles of Executive Vice President, General Counsel, and Corporate Secretary on December 1. Shao will continue to serve in an advisory capacity until December 31 to assist with the transition.

See also: "Turkmenistan to Legalize Cryptocurrency Mining and Trading Starting January 1, 2026"

#Strategy #Reserve

Editor: Yulia Krasnaya
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