How Strategy keeps buying Bitcoin during market downturns - Source: CoinTelegraph

Key takeaways

• -Strategy funds its dip buying primarily through ATM equity sales rather than operating cash flow.

• -Preferred shares and other financing tools add buying power but create ongoing dividend and interest obligations.

• -A $1.44-billion reserve is intended to reduce “forced seller” concerns during prolonged market slumps.

• -The model’s constraint is the cost of capital. Dilution risk, market sentiment and index rule changes can tighten the loop.

Story continues: https://cointelegraph.com/news/how-strategy-keeps-buying-bitcoin-during-market-downturns