Strategy’s Dollar Reserve Fails to Soothe Bitcoin Sales Concern

Strategy Inc. said it had created a $1.4 billion reserve to fund future dividend and interest payments, tempering concern that the Bitcoin accumulator may be forced to sell some of its roughly $56 billion cryptocurrency haul if token prices continue to fall.

The Tysons Corner, Virginia-based company said in a statement on Monday that the new reserve, funded by proceeds from the sale of shares of class A common stock, would cover at least 21 months of dividend payments. Over time, it plans to maintain enough cash in the reserve to cover up to two years of payments.

Even so, ...