Strategy Raises Cash Buffer to Record Levels While Supporting STRC Market With Buyback

Strategy (MSTR) has increased its cash reserve to $3.75 billion after raising $544.5 million through a common stock offering last week.

Executive Chairman Michael Saylor stated that the company’s current cash position could cover about 2.1 years of preferred stock dividend payments.

The company generated the additional funds by selling more than 5.4 million shares of common stock, according to an SEC filing submitted Monday morning.

Strategy directed a small share of the proceeds, totaling $25 million, toward repurchasing 288,930 shares of its high-yielding preferred stock, STRC.

The company made no adjustments to its bitcoin holdings, which remain unchanged at 843,775 BTC.

MSTR and STRC both gained roughly 2.5% in pre-market trading as bitcoin advanced toward the $65,000 mark over the weekend.