Strategy Inc. (MSTR) Stock: Rises Following $25 Million Preferred Share Buyback and $525 Million Cash Increase
TLDR
- Strategy stock rises after adding $525 million to its cash reserve
- Company repurchases $25 million of STRC preferred shares
- Bitcoin holdings remain unchanged at 843,775 BTC for fifth week
- MSTR share sales generate $544.5 million without selling Bitcoin
- Updated capital strategy focuses on boosting Bitcoin value per share
Strategy Inc. (MSTR) gained 5.45% to $96.67 after the company expanded its cash reserve and continued preferred share repurchases. The firm reported no Bitcoin purchases for a fifth consecutive week while raising fresh capital through common stock sales. Meanwhile, management increased liquidity, maintained its Bitcoin holdings, and continued executing its updated capital allocation strategy.
Strategy Builds Cash Reserve While Bitcoin Holdings Remain Unchanged
Strategy increased its cash reserve by $525 million, bringing the balance to $3.75 billion during the week ending July 26. At the same time, the company kept its Bitcoin holdings unchanged at 843,775 BTC. Consequently, the buying pause became Strategy’s longest break from Bitcoin purchases in two years.
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