Michael Saylor Details Strategy's Cash Reserves and Capital Plans at ParaFi Investor Day

Strategy Executive Chairman Michael Saylor revealed that institutional credit investors demand cash reserves over pure Bitcoin backing, prompting the company to hold roughly three and a half years of dividend payouts in US dollar reserves. The announcement follows volatility in Strategy's STRC preferred stock, which pays a 12% annual dividend and slid to around $75 before the firm repurchased approximately $1.5 billion of shares to restore its $100 par value. Strategy is also planning a shift to daily dividends, subject to shareholder approval, while temporarily diverting capital away from direct Bitcoin purchases.