Strategy CEO: Keep buying coins even in a bear market, raised $1.44 billion in 8 and a half days to counter FUD

[Crypto World] Strategy’s CEO Phong Le recently shared some interesting insights in an interview.

He said they’ve already weathered the 2022 bear market. What did they do when Bitcoin was falling? Just kept going—issuing stocks, issuing bonds, as long as they could raise money at a price higher than net asset value, they’d use it to buy more Bitcoin. When the market isn’t great, the pace might slow down, but their overall strategy doesn’t change.

Lately, there have been rumors that Strategy can’t afford to pay dividends, and some people have taken the chance to short Bitcoin. Phong Le responded directly: there’s absolutely no such problem, it’s pure fabrication.

To dispel these doubts, they set up a $1.44 billion dividend reserve fund. What’s more impressive is that it only took eight and a half days to raise, enough to cover 21 months of dividends. In his words, this is to show the market: even if Bitcoin is in a downturn, we can still raise funds quickly.

Simply put, they’re taking action to push back against those spreading FUD.