Strategy Grows Cash Reserve to $4.8B While Bitcoin Holdings Stay Frozen
Strategy raised its USD Reserve to $4.8 billion after selling MSTR shares and repurchasing STRC stock, while retaining 840,447 Bitcoin.
Michael Saylor's Strategy pauses Bitcoin purchases, posts a massive Q2 unrealized loss, and sells BTC/stock to shore up cash amid the crypto downturn.
Strategy raised its USD Reserve to $4.8 billion after selling MSTR shares and repurchasing STRC stock, while retaining 840,447 Bitcoin.
Strategy sold 1,638 Bitcoin and raised nearly $395 million through BTC and stock sales, increasing its cash reserve to $4 billion while maintaining STRC's 12% annual dividend.
Strategy's Michael Saylor hinted at a possible Bitcoin purchase with a cryptic X post as Strategy's five-week BTC buying pause continues while maintaining a 12% STRC dividend.
Strategy reported an $8.2 billion Q2 loss as lower Bitcoin prices triggered massive unrealized losses, while the company expanded its cash reserve and paused BTC purchases.