Strategy pauses bitcoin buys, boosting cash reserve by $748 million last week

Led by Executive Chairman Michael Saylor, the company raised the funds entirely by sales of common stock.

Strategy (MSTR) last week did not buy more bitcoin, instead boosting its cash reserves by $747.8 million through sales of common stock.

The so-called "USD Reserve" — now up to above $2.2 billion — is intended as a fund through which the company can draw to pay dividends on its preferred shares.

MSTR fell in price over the past week, but is higher by 3% premarket alongside a bounce in bitcoin to above $90,000.

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