Strategy Raises Cash Reserves, Repurchases STRC Preferred Stock for $25 Million

Strategy, the business intelligence firm behind the largest corporate Bitcoin treasury, has made adjustments to its capital structure. Between July 20 and 26, Strategy sold 5,429,160 shares of its Class A common stock (MSTR) through an at-the-market offering program, generating $544.5 million in net proceeds.

The company's STRC preferred shares were up 2.3% to $88.90 ahead of the Nasdaq open on Monday. Strategy also repurchased 288,930 shares of its STRC preferred stock for $25 million, according to a Form 8-K filed with the US Securities and Exchange Commission.

The update comes after Strategy executive chairman Michael Saylor sparked speculation about a new move involving the company's preferred stock strategy on X. Following additional capital raised through its ATM offering program, Strategy increased its US dollar reserve to $3.75 billion as of July 26, up from $3.225 billion the previous week.