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🚨 Strategy (ex-MicroStrategy) Raises $1.44B to Protect Its 650,000 BTC Stack
The firm builds a 12–21 month cash shield to avoid selling Bitcoin during volatility — even as mNAV sits at ~0.9x and dilution concerns rise.
With MSTR down 41–45% YTD and a possible $8.8B index-driven outflow in 2026, the pressure is on.
👉 Is this resilience… or a high-stakes gamble?