Strategy’s Dividend Coverage Falls from 7 Years to 14 Months: CryptoQuant
After Strategy’s dividend coverage fell to 14 months from seven years, CryptoQuant thinks the company led by Michael Saylor should pause Bitcoin purchases and focus on replenishing its cash reserve that’s down 38% year-to-date. Strategy’s dividend obligations have nearly quadrupled to $1.2 billion, as the company issued substantial new STRC preferred stock, which carries an…