Crypto
Strategy holds 844,447 bitcoin but faces risks if funding dries up
An analysis says Strategy’s bitcoin accumulation strategy is driven more by its access to capital markets than by bitcoin’s price. The company is estimated to face about $1.76 billion a year in dividend and interest costs, which could become hard to cover without new funding unless it sells bitcoin. Researchers highlighted structural risks tied to about $22 billion in debt and preferred claims and said key indicators include preferred share prices and liquid assets.
