Saylor's Strategy Extends Rally on New Cash Reserve

Michael Saylor's Strategy Inc. (MSTR) has seen its shares rise by 5.1% to $125.38 on Monday after setting aside about $1.6 billion in cash for future treasury operations, including potential Bitcoin purchases.

The company has created a new cash pool called 'USD Cash', which can be used for Bitcoin buys, share repurchases, and other corporate events, giving it more flexibility to navigate market downturns.

This move comes as the price of BTC approached the $80,000 mark last week for the first time since mid-May.

Despite the rally, MSTR is still down 18% year-to-date and 65% over the past year.