Strategy Boosts Cash Reserves to $4.8 Billion While Holding onto Bitcoin

Strategy, the company behind Michael Saylor's MSTR shares, has built up its cash reserves to $4.8 billion without selling its Bitcoin holdings. This move follows a recent pause in weekly sales of BTC, which were historically used to fund dividends and share buybacks.

The firm raised approximately $333.7 million by selling MSTR shares last week, with around $149.1 million going towards adding to its dollar reserve. The total cash buffer now stands at $4.8 billion. Additionally, Strategy used some of the funds to buy back STRC preferred stock and pay out STRC dividends.

The company's Bitcoin holdings remained unchanged at 840,447 BTC, which were purchased at an average price of $75,385. This strategic move allows Strategy to maintain its long-term commitment to BTC while having more flexibility in meeting its obligations during harder times.