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MicroStrategy Invests $1.4 Billion in Firewalls: Survival Moves After Stock Price 50% Slump
MicroStrategy, a publicly traded company known for Coin Hoarding, has recently seen its stock price get dumped by over 60% from its peak. Now they have released a big move: they have prepared a cash pool of 1.4 billion dollars specifically for paying dividends and Interest.
This move is actually quite obvious - it aims to dispel the biggest doubt in the market: if BTC continues to fall, will you be forced to sell at a loss? When the entire crypto market is bearish, such a statement somewhat serves as a reassurance for those holding coins. With food in hand, there is no panic.