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Crypto

Strategy Bolsters Balance Sheet with $5B Reserve Increase

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BTC
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Strategy has strengthened its balance sheet by increasing its USD Reserve to $5.10 billion and establishing a new $1.59 billion USD Cash pool.

The company repurchased $136.4 million of STRC preferred stock and sold 18.26 million MSTR shares under an at-the-market program to fund reserves, cash, and the STRC repurchase.

Strategy's Bitcoin holdings remained unchanged this week, with a total of 840,447 BTC representing nearly 4% of the total Bitcoin supply.

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