Michael Saylor’s Strategy Inc. is adding a new pool of cash to its balance-sheet toolkit, part of an effort to preserve flexibility as its once-powerful financing model remains under pressure.
The company said Monday that USD Cash will sit alongside its existing reserve and can be used to buy Bitcoin, fund preferred-stock dividends and debt payments, repurchase securities or meet other corporate needs. Strategy said its newly established USD Cash pool currently holds $1.59 billion.