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BlockBeats News, August 11th, Strategy CEO Phong Le stated that the company currently holds a cash reserve of $47.5 billion, covering approximately 2.7 years of dividend payments. He mentioned that the company previously believed that investors would highly appreciate Bitcoin's liquidity and long-term appreciation potential. However, after launching preferred stock products, they found that institutions and short-term fund investors still value cash liquidity more.
Strategy is transitioning from simply buying and holding Bitcoin to a more diversified digital asset business. The company has introduced preferred stock products like STRC, providing options for investors who seek Bitcoin-related returns but wish to reduce volatility. He noted that although he may prefer to hold Bitcoin, ensuring the smooth operation of these preferred stock products will ultimately benefit MSTR and the company's Bitcoin strategy.
Le also mentioned that Strategy aims to become the "JPMorgan of the digital finance world" and envisions other companies developing new investment tools based on Strategy's financial products. DeFi may further expand different risk and reward portfolios, bringing more capital into Bitcoin.
Currently, Strategy holds approximately 840,000 BTC, accounting for 4% of Bitcoin's ultimate 21 million supply. Le stated, "We have now become the beacon and the central bank of Bitcoin." Furthermore, the company's traditional software business continues to grow, with software revenue increasing by 7% year-over-year and cloud subscription revenue growing by 54%.
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