Strategy, a digital asset and business software company, holds $4.75 billion in cash, which CEO Phong Le said is enough to cover about 2.7 years of dividend payouts. Le said institutional investors and those placing short-term funds into Strategy products are more focused on cash liquidity, prompting the company to expand beyond a simple buy-and-hold Bitcoin approach. Strategy has introduced products including STRC and other preferred shares (stock with fixed payouts) for investors seeking Bitcoin-related returns with less volatility, while it holds about 840,000 Bitcoin, or roughly 4% of the asset's eventual 21 million supply. Le said the company is evolving into a digital financial platform built around Bitcoin, even as its software business remains part of the plan, with software revenue up 7% year over year and cloud subscription revenue up 54%.