Saylor's Strategy raises cash reserves to $3.225 billion, leaving bitcoin holdings unchanged
MicroStrategy has increased its cash reserves to $3.225 billion following a stock sale, while maintaining its massive bitcoin holdings of 843,775 BTC. The company is focusing on strengthening its balance sheet after recent market volatility impacted its financing structure.
Why it matters
As the largest corporate holder of bitcoin, MicroStrategy's financial maneuvers serve as a key indicator for institutional crypto market sentiment.
Michael Saylor, executive chairman of the firm, said Monday that Strategy now holds a U.S. dollar reserve of $3.225 billion alongside its 843,775 BTC stash.
A regulatory filing showed the company sold over 2.7 million MSTR shares for roughly $263.5 million through its at-the-market equity program.
MSTR was 1.2% higher at $96 in pre-market trading alongside a small rise in the price of bitcoin over the weekend to the current $64,700.
The latest update comes as Strategy has focused on rebuilding its cash buffer after its increasingly complex financing model and dividend-paying preferred stock structure came under pressure during the recent crypto market downturn.
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