Strategy sold $544.5 million of common stock and added $525 million to the cash reserve it uses to pay preferred dividends and debt interest.
Strategy, the world’s largest corporate Bitcoin holder, added another $525 million to the dollar reserve it uses to pay preferred-stock dividends and interest on its debt.
The company sold about 5.4 million MSTR shares between July 20 and July 26, raising $544.5 million after commissions, according to a Monday filing with the U.S. Securities and Exchange Commission.
Read also: Strategy’s Bitcoin Buying Freeze Hits Four Weeks as Cash Pile Grows
Its dollar reserve rose from $3.2 billion to $3.7 billion during the week. Strategy also spent $25 million repurchasing about 289,000 shares of STRC, its variable-rate preferred stock.
Strategy’s latest published figures put its annual preferred dividends and debt interest at about $1.7 billion. If that burden remains broadly unchanged, the current reserve would cover roughly 26 months of payments, carrying the company into late September 2028.
Cash Before Bitcoin
Strategy made no Bitcoin purchases for the third consecutive week, leaving its holdings unchanged at 843,775 BTC▲$62,630.00. The company paid a combined $63.7 billion for them, or an average of $75,476 each.
Strategy has neither bought nor sold Bitcoin since July 5, when it completed the sale of 3,588 BTC for about $216 million to fund preferred-stock distributions and replenish its dollar reserve. Its holdings have remained at 843,775 BTC for three straight weeks.
Now, the company is relying on MSTR share sales to build cash rather than buying more Bitcoin, with its reserve standing at $3.7 billion, up from $2.5 billion on July 5. The reserve is meant to cover preferred dividends and debt interest, although the company can still sell BTC if needed.
Read more: Strategy Sells $467 Million in MSTR Stock — But Buys No Bitcoin
