Key facts
- Strategy increased its USD reserve by $300 million.
- Strategy's total USD reserve now stands at $1.4 billion.
- Strategy acquired 520 Bitcoin.
- Strategy spent $35 million to acquire Bitcoin.
- The company raised $335.5 million by issuing common stock.
- Strategy's preferred stock, STRC, traded below par.
Strategy has significantly increased its USD reserve, adding $300 million to reach a total of $1.4 billion. Concurrently, the company acquired 520 Bitcoin, spending $35 million on the transaction. The funding for these strategic moves came from the issuance of common stock, which generated $335.5 million. This stock issuance occurred while Strategy's preferred stock, identified by the ticker STRC, was trading below its par value. The company's financial maneuvers indicate a strategy to diversify its holdings and strengthen its reserve position.