Strategy Boosts Cash Reserves Amid Market Volatility

Michael Saylor's Strategy has taken a significant step in building its cash reserves without selling any of its Bitcoin holdings.

The company recently ended a series of weekly sales that had been used to fund dividends and share buybacks, instead raising $333.7 million by selling MSTR shares.

This influx of cash added $149.1 million to the company's dollar reserve, bringing it to a total of $4.8 billion.

The company's Bitcoin holdings remained unchanged at 840,447 BTC, which were purchased at an average price of $75,385.