The world's largest corporate bitcoin holder says it has built a cash reserve covering more than two years of dividend payments after investors questioned its growing stack of preferred securities. Strategy (MSTR), the largest corporate holder of bitcoin, reported an $8.2 billion second-quarter net loss driven almost entirely by an $8.32 billion unrealized markdown on its bitcoin holdings under fair-value accounting. The company now holds 843,775 bitcoin worth about $54.8 billion at curren…
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