Strategy’s (MSTR) cash reserve now stands at $3.75 billion after the company raised $544.5 million last week.
That $3.75 billion is enough for 2.1 years of preferred stock dividend coverage, according to CEO Michael Saylor.
The money was raised by selling more than 5.4 shares of common stock, according to an SEC filing Monday morning.
A small portion of the money raised last week ($25 million) was used to buy back 288,930 shares of its high-yield STRC preferred stock.
The company made no changes to its bitcoin holdings, which remain at 843,775 coins.
MSTR and its high-yield preferred stock STRC each rose about 2.5% premarket as bitcoin rose to $65,000 over the weekend.
