Strategy added $35 million in bitcoin, $300 million in cash reserves last week
MicroStrategy has raised $335.5 million through share sales to bolster its cash reserves and acquire additional bitcoin. The company now holds over 847,000 BTC while attempting to stabilize its preferred stock, which has recently faced market pressure.
Why it matters
This move highlights the aggressive corporate treasury strategy of MicroStrategy, which continues to tie its financial health directly to bitcoin price volatility.
The company sold about 2.7 million shares of MSTR, according to a Monday morning filing , raising $335.5 million. About $35 million of that was used to acquire 520 bitcoin at an average price of $67,068 each. The other $300 million was added to cash already on the balance sheet, bringing reserves to $1.4 billion.
The article reports financial data and market movements objectively without editorializing the company's controversial bitcoin-heavy strategy.
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