Strategy (MSTR), the world’s largest corporate bitcoin
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.
Earlier this month, the company disclosed the sale of about $216 million worth of bitcoin, a rare reduction in its BTC holdings that marked its first significant sale after years of near-continuous accumulation. Before that, the firm approved a new bitcoin monetization program that included selling up to $1.25 billion of its BTC stash to boost cash reserves and fund dividend payments.
Strategy remains the world’s largest corporate bitcoin holder by a wide margin. At bitcoin’s current price of $64,700, its 843,775 BTC treasury is worth nearly $55 billion.
