Strategy (MSTR), the largest publicly traded bitcoin holder, increased its cash reserve by $747.8 million last week.
The company’s “USD Reserve,” intended as a fund through which Strategy can pay dividends on its preferred shares, now stands at approximately $2.2 billion. This latest capital increase occurred entirely through the sale of the company’s common stock, according to a document filed Monday with the SEC.
The strategy continues to hold 671,268 bitcoins purchased for just over $50 billion and worth around $60.4 billion based on the current BTC price of approximately $90,000.
MSTR is higher by 3% premarket along with bitcoin’s modest price gain over the weekend. The stock remains down more than 40% year to date.
