Analysis: The strategy for fundraising will prioritize paying dividends and debt interest rather than purchasing more BTC, shifting to a defensive mode

According to CNBC, the latest analysis indicates that the stock price of Bitcoin treasury company Strategy remains low, and the Bitcoin premium indicator is also declining. A key decision on whether the MSCI index will remove Strategy is approaching in January next year. Against this backdrop, Strategy is drafting a "defensive mode," and they have recently established a cash buffer of about $2.2 billion to cope with the challenges of Bitcoin bets. This fund is expected to be used for paying preferred stock dividends and debt interest rather than purchasing more Bitcoin.