Strategy CEO Phong Le Shares Key Lesson from 2026: Importance of Holding Liquid US Dollars
During Strategy Inc.'s second-quarter earnings call in August 2026, CEO Phong Le highlighted the company's realization that maintaining liquid U.S. dollars is more critical than holding Bitcoin for balance-sheet strength and meeting dividend obligations on its Perpetual Stretch Preferred Stock. As of this period, Strategy held $3.75 billion in cash reserves—enough to cover over two years of dividends and interest payments. The firm also launched a Bitcoin monetization program earlier that year, selling 3,620 BTC by mid-2026 to strengthen its liquidity position. The company reported quarterly revenue slightly below expectations at $122.39 million versus the projected $122.91 million. Despite this minor miss, Strategy remains a major Bitcoin holder with over 843,775 BTC valued at approximately $58 billion.
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Topics: Bitcoin cash reserves dividend obligations treasury strategy