Strategy added $35 million in bitcoin, $300 million in cash reserves last week
The boost to cash reserves is meant to reassure investors about dividend payments on the company’s hard-hit preferred shares, STRC.
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Summary
- Strategy acquired 520 bitcoin last week for approximately $34.9 million, bringing its total holdings to 847,363 BTC.
- The company also raised its cash reserves by $300 million to $1.4 billion.
- Both of the moves were funded via sales of common stock.
