Strategy Boosts Cash Reserve with $544M MSTR Share Sale
Strategy, the world's largest corporate Bitcoin holder, has added $525 million to its dollar reserve. This is after selling approximately 5.4 million MSTR shares between July 20 and July 26 for a total of $544.5 million.
The company used this raised cash to boost its dollar reserve from $3.2 billion to $3.7 billion during the week.
Strategy's reserve is meant to cover preferred dividends and debt interest, which totals around $1.7 billion annually. With its current reserve amounting to roughly 26 months of payments, the company can continue paying these expenses until late September 2028.