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MSTR jumps 6% as Strategy’s cash reserve grows to 2.1 years of coverage


MSTR jumps 6% as Strategy’s cash reserve grows to 2.1 years of coverage

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MicroStrategy (MSTR) said it raised its cash reserve by $525 million over the past week, filing a Form 8‑K that showed a sale of 5.4 million MSTR shares for $544.5 million and a repurchase of 288,930 STRC preferred shares for $25 million. The sizable fundraising boost strengthens the company's balance sheet and fundraising capacity and is likely to support further crypto exposure or Bitcoin purchases, with potential positive impact on adoption and market dynamics.

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Strategy Inc. (MSTR) raised its cash reserve by $525 million over the past week. The company filed Form 8-K on Monday, reporting it sold 5.4 million MSTR shares last week for $544.5 million. In that period, it also repurchased 288,930 shares of its STRC preferred stock for $25 million. Michael Saylor, the company’s executive chairman,...
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