Strategy (MSTR), the world’s largest corporate bitcoin The holder increased its cash reserve by about $225 million last week after selling common stock, boosting liquidity while leaving its bitcoin holdings unchanged.
Michael Saylor, executive chairman of the company, said on Monday that Strategy now holds a US dollar reserve of $3.225 billion alongside its reserve of 843,775 BTC.
A regulatory filing showed the company sold more than 2.7 million MSTR shares for about $263.5 million through its at-the-market equity program.
MSTR was up 1.2% at $96 in pre-market trading, alongside a slight rise in bitcoin’s price over the weekend to $64,700 currently.
The latest update comes as Strategy has focused on rebuilding its cash reserve after its increasingly complex funding model and dividend-paying preferred stock structure came under pressure during the recent crypto market downturn.
Earlier this month, the company announced the sale of approximately $216 million worth of bitcoin, a rare reduction in its BTC holdings that marked its first significant sale after years of near-continuous accumulation. Prior to this, the company approved a new Bitcoin monetization program that included selling up to $1.25 billion of its BTC reserve to increase cash reserves and fund dividend payments.
Strategy remains by far the largest Bitcoin holding company in the world. At the current bitcoin price of $64,700, his treasury of 843,775 BTC is worth almost $55 billion.
