Strategy CEO says company holds $4.75B in cash

Strategy is holding $4.75 billion in cash to meet preferred stock investors’ liquidity needs, CoinDesk reported. Phong Le, Strategy’s CEO, said on the recent Public Key podcast that the company had initially expected investors to place a higher value on BTC because of its liquidity and long-term appreciation potential, but institutions and investors deploying short-term capital put greater emphasis on cash. Le said the current cash position is enough to cover about 2.7 years of dividend payments. Le added that Strategy aims to evolve beyond a company that simply holds BTC into a BTC-based financial platform, with the goal of becoming the JPMorgan of digital finance.