Strategy Doubles Down on Cash Reserves Amid Crypto Volatility

Strategy, a company led by Michael Saylor, has increased its USD reserve to $3.75 billion after selling about $544.5 million in MSTR stock last week.

This brings the company's cash reserves up by $525 million and provides 2.1 years of dividend coverage.

The company also conducted a $25 million STRC preferred stock buyback under its Digital Credit Securities Repurchase Program, marking the first such transaction.

Strategy currently holds 843,775 BTC worth $58.47 billion, but is sitting on an unrealized loss of over $5.21 billion due to the higher purchase price of $63.68 billion.

MSTR stock price jumped 2.21% in premarket trading hours today, while STRC stock rose 1.66% to $88.33, still below its target price of $100.