Strategy’s (MSTR) cash reserve now stands at $3.75 billion after the company raised $544.5 million last week.
That $3.75 billion is enough for 2.1 years of preferred stock dividend coverage, according to Executive Chairman Michael Saylor.
The money was raised through the sale of more than 5.4 shares of common stock, according to an SEC filing Monday morning.
A small portion of the money raised last week – $25 million – was used to repurchase 288,930 shares of its STRC high-yield preferred stock.
The company has made no changes to its bitcoin holdings, which remain at 843,775 coins.
MSTR and its high-yield preferred stock STRC are each up about 2.5% premarket, with bitcoin hitting $65,000 over the weekend.
