Michael Saylor, the BTC champion and former CEO of the NASDAQ-listed company, made two major announcements today. The first was expected – a new purchase of BTC that brought the firm’s total stash to 650,000 units.

The second was the establishment of a USD Reserve worth $1.44 billion to “support the payment of dividends on its preferred stock and interest on its outstanding indebtedness.” The initiative was funded from proceeds from the sale of shares of class A common stock under Strategy’s at-the-market offering program.

Michael Saylor, the BTC champion and former CEO of the NASDAQ-listed company, made two major announcements today. The first was expected – a new purchase of BTC that brought the firm’s total stash to 650,000 units.

The second was the establishment of a USD Reserve worth $1.44 billion to “support the payment of dividends on its preferred stock and interest on its outstanding indebtedness.” The initiative was funded from proceeds from the sale of shares of class A common stock under Strategy’s at-the-market offering program.