Strategy (MSTR) raises cash reserves to $3.2 billion without bitcoin (BTC) sale

Strategy (MSTR), the world’s largest corporate bitcoin BTC$65,411.83 holder, raised its cash reserve by roughly $225 million last week after selling common stock, bolstering liquidity while leaving its bitcoin holdings unchanged.

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.