Strategy Skips Fifth Week of Buying Bitcoin

Strategy Inc., a company listed on the NASDAQ as MSTR, has continued its recent trend of not buying Bitcoin (BTC) for the fifth consecutive week.

Last week, Strategy sold $544.5 million worth of shares and repurchased $25 million worth of its STRC preferred stock, but did not purchase any BTC. This move has pushed its USD reserve to $3.75 billion, which now covers about 2.1 years' worth of preferred stock dividends.

Strategy's Executive Chairman Michael Saylor explained that the company is prioritizing building up its cash cushion over adding more Bitcoin. The reserve needs to cover approximately $1.76 billion in annual preferred dividends and debt interest.