Strategy Abandons Weekly Bitcoin Purchases to Build Cash Reserve

Michael Saylor's strategy firm, Strategy, has paused its weekly Bitcoin purchases amid growing speculation about the company's stock dilution. Instead of buying more Bitcoin, Strategy has been expanding its cash reserve.

In a recent filing, Strategy revealed it had added $525 million to its U.S. dollar reserve as of July 27, bringing its total cash holdings to $3.75 billion.

This move provides dividend coverage for about 2.1 years and demonstrates the company's ability to pay out dividends without having to sell from its large Bitcoin stash.