Strategy Boosts Cash Reserve, Holds Steady on Bitcoin

Strategy, the company behind the largest disclosed corporate Bitcoin reserve, has boosted its U.S. dollar reserve by $525 million to $3.75 billion.

The increase in cash balance provides 2.1 years of coverage for preferred stock dividends, meeting a target that could ease concerns about needing to sell Bitcoin to fund distributions.

The company did not make any new purchases of Bitcoin during the week, leaving its reserve unchanged at 843,775 BTC.

Strategy generated $544.5 million in net proceeds from common stock sales, which were used to build the cash reserve and extend preferred dividend coverage.