水博乱乱|6月 01, 2026 12:22
Checked out MSTR's latest filing...
Last week, they sold common stock and raised $128.3 million.
Didn't buy any crypto, but sold 32 BTC for $2.5 million.
They used to have a cash reserve specifically for paying interest, but they spent over $1 billion of it on a buyback earlier. Now there's $900 million left for interest payments. If they use it for interest, it can only last 6 months (assuming they don't sell more stock during that time).
Right now, they need to pay about $31 million in dividends every week. So the $2.5 million from selling those 32 BTC last week isn't enough to cover the interest. The bulk of it still needs to come from other financing methods.
This feels more like testing the waters...
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