Strategy's Cash Pile Grows as it Seeks to Cover Dividend Burden

Strategy, the world's largest corporate Bitcoin holder, added $525 million to its dollar reserve in a recent stock sale. The company sold about 5.4 million MSTR shares between July 20 and July 26, raising $544.5 million after commissions.

This increase brings Strategy's dollar reserve from $3.2 billion to $3.7 billion. The company uses this reserve to pay preferred-stock dividends and interest on its debt.

Strategy has neither bought nor sold Bitcoin since July 5, when it completed the sale of 3,588 BTC for about $216 million to fund preferred-stock distributions and replenish its dollar reserve.

The company's current Bitcoin holdings remain unchanged at 843,775 BTC, which it paid a combined $63.7 billion for, averaging $75,476 per coin.