Strategy Boosts Cash Reserve to $3.75 Billion While Pausing Bitcoin Purchases

Strategy has grown its cash reserve to $3.75 billion after raising $544.5 million last week through the sale of more than 5.4 million shares of common stock, according to a regulatory filing submitted Monday morning. Saylor said the cash position now covers roughly 2.1 years of dividend payments on the company’s preferred stock.

Buyback of Preferred Shares Adds to the Mix

A portion of the newly raised funds, about $25 million, was used to repurchase 288,930 shares of the company’s high yielding preferred stock. It marks the latest move in the company’s broader financial strategy as it shifts short-term focus toward strengthening its balance sheet.

Bitcoin Holdings Stay Untouched for a Fourth Week

The company has now gone about four weeks without adding to its bitcoin holdings, which remain steady at 843,775 coins, as it prioritizes rebuilding cash reserves instead. Shares of the company and its preferred stock both rose roughly 2.5% in pre-market trading, moving alongside bitcoin’s climb to around $65,000 over the weekend.