Strategy raised another $525 million in cash last week
Strategy (MSTR) last week boosted its so-called USD Reserve by $525 million to $3.75 billion. That’s 2.1 years of preferred stock dividend coverage, according to Michael Saylor .
The cash was raised via sales of more than 5.4 million shares of common stock, according to an SEC filing Monday morning.
MSTR is higher by 2.8% pre-market alongside a small rise in the price of bitcoin over the weekend. STRC is up 2.45%.