Strategy’s (MSTR) cash reserve now stands at $3.75 billion after the company raised $544.5 million last week.
That $3.75 billion is enough for 2.1 years of preferred stock dividend coverage, according to Executive Chairman Michael Saylor.
The money was raised through sales of more than 5.4 shares of common stock, per an SEC filing Monday morning.
A small portion of the raised money last week — $25 million — was used to buy back 288,930 shares of its high-yielding preferred stock STRC.
The company made no changes to its bitcoin holdings, which remain at 843,775 coins.
MSTR and its high-yielding preferred stock STRC are each higher by about 2.5% pre-market as bitcoin rose to $65,000 over the weekend.
Crypto Flows, Share and the Selective Rotation
Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters:
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
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