Strategy (MSTR), the largest publicly traded holder of bitcoin, increased its cash reserves by $747.8 million last week.
The company’s “USD Reserve,” used to pay dividends on preferred stock, now totals about $2.2 billion, according to a Monday SEC filing. The boost came entirely from common stock sales and is enough to cover 32 months of preferred dividends.
After two weeks of adding roughly $1 billion in bitcoin, Strategy paused purchases. The firm continues to hold 671,268 BTC, originally bought for just over $50 billion and currently worth around $60.4 billion at bitcoin’s near $90,000 price.
MSTR shares rose 3% in premarket trading, reflecting bitcoin’s modest weekend gains, though the stock remains down more than 40% year-to-date.
