Data: Strategy dropped more than 11% intraday, marking four consecutive months of decline
ChainCatcher news, Strategy (MSTR) shares dropped more than 11% during US trading hours, with a current total market capitalization of approximately $44.8 billions; the company currently holds a total of 650,000 bitcoins, with a total value of about $48.4 billions, and the average price per bitcoin is $74,436. MSTR has closed lower for four consecutive months, with a 34.26% decline in November.
Previous reports stated that Strategy announced the establishment of a $1.44 billions US dollar reserve fund, specifically for paying preferred stock dividends and interest on existing debt. The funds for this reserve come from the proceeds of the company’s sale of Class A common stock under its market issuance plan.
Currently, Strategy needs to pay $750 millions in annual dividends, which means the company has enough funds to cover 23 months of dividends.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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