Strategy Raises USD Reserve by $450M to $3B, Extending Dividend Coverage to 20.4 Months

According to its official disclosure on July 13, Strategy Inc. (Nasdaq: MSTR) raised its USD Reserve by $450 million to $3 billion, extending dividend coverage to 20.4 months. Executive Chairman Michael Saylor and Chaitanya Jain, who oversees Strategy's bitcoin strategy and capital markets initiatives, confirmed the company now holds 843,775 bitcoin alongside $1.763 billion in annual dividend obligations.

The reserve expansion supports the company's preferred-stock dividend payments and interest obligations. Strategy's capital framework separates immediate dollar coverage from mechanisms to restore liquidity over time, allowing management to draw on common-equity issuance, preferred financing, and bitcoin monetization as needs evolve.