Strategy Builds $4.8 Billion Cash Pile Without Selling Bitcoin

Strategy, the company co-founded by Michael Saylor, has made significant moves to bolster its cash reserves without selling any of its Bitcoin holdings. The firm recently ended a long-standing series of weekly sales, which had been used to fund dividends and share buybacks. Instead of buying or selling Bitcoin last week, Strategy raised approximately $333.7 million by selling MSTR shares.

The funds were allocated as follows: about $149.1 million was added to its dollar reserve, taking the total cash buffer to $4.8 billion; $132.2 million went towards buying back STRC preferred stock; and $52.4 million was used for STRC dividends. Strategy's Bitcoin holdings remained unchanged at 840,447 BTC, purchased at an average price of $75,385.

This move gives the company more flexibility to meet its obligations using dollar reserves rather than relying heavily on Bitcoin sales during challenging times. The recent market trends and Bitcoin's recovery are worth watching for Strategy, as a strong cash cushion is beneficial while the company continues to hold onto its BTC.