Strategy Boosts Cash Pile by $525M Amid BTC Purchase Halt

Strategy, the world's largest corporate holder of BTC, has halted its cryptocurrency purchases for nearly a month. The company announced that it had raised its USD stash by another $525 million, which is now enough to cover 2.1 years of dividend payments.

The latest example was just announced by Strategy's co-founder and former CEO, Michael Saylor, in a tweet on X. He noted that the firm has increased its USD reserve through sales of 5.4 million shares through its ATM program in the past week.

Strategy began rebuilding its cash pile after its stretch stock (STRC) dumped far away from its par price of $100, prompting a rethink in its focus. The company's goal is to raise its available liquidity to cover monthly dividend payments and increase its long-term cryptocurrency exposure.