Strategy reserves of 1.44 billion USD spark controversy: Strategic upgrade or funding dilemma?

【Coin World】Strategy Inc. recently made a big move – they allocated $1.44 billion to establish a reserve fund. Where did this money come from? It was raised by selling stocks. The purpose is clear: to ensure that they can pay preferred stock dividends and Interest on time for at least the next year.

Their CEO Michael Saylor has made a big deal out of this, claiming it is a key milestone in the company's history, proving that they are on the right path as a “digital credit issuer.” It is worth noting that this company holds 650,000 bitcoins, and the establishment of reserves is also to have a buffer during market fluctuations.

However, there are also considerable dissenting voices in the market. The famously bearish Peter Schiff has come forward to criticize, saying that this operation precisely exposes the bug in the company's model—money that should have been used to continue buying coins to expand reserves is now needed to pay off debts and fill holes. Is this a strategic upgrade or a sign of a tight cash flow? The debate in the market continues.