Led by Executive Chairman Michael Saylor, Strategy increased its cash reserves by $748 million last week, with the entire amount raised through the sale of common stock.”
Strategy (MSTR) last week boosted its cash reserves by $747.8 million through sales of common stock.
The cash 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.
