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 says MSTR returned 42% annualized since 2020's bitcoin standard pivot, even as its $63.7B BTC treasury sits underwater.

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…