Strategy Creates $1.59B Cash Pool as BTC Holdings Remain Unchanged

Strategy, a Bitcoin treasury firm, has created a separate cash pool worth $1.59 billion to be used for future treasury purposes, including acquiring more BTC. The company's USD Reserve remains unchanged at $5.10 billion. This move follows Strategy's previous week's MSTR stock sales, where the net proceeds were used to repurchase STRC shares and increase the USD Reserve.

Strategy bought 1.4 million STRC shares worth just over $136 million last week, as its preferred security trades below its par value of $100. The STRC stock is currently trading at around $96.55, up in premarket trading today.