Strategy (MSTR), the largest publicly traded holder of bitcoin, lifted its cash reserve by $747.8 million last week.
The company’s “USD Reserve” — intended as a fund through which Strategy can pay the dividends on its preferred stock — now stands at roughly $2.2 billion. This latest capital raise came entirely via the sales of the firm’s common stock, according to a Monday SEC filing.
At that $2.2 billion, the reserve is now large enough to fund 32 months of preferred dividends.
Strategy continues to hold 671,268 bitcoin purchased for just over $50 billion and worth about $60.4 billion based on BTC’s current price of roughly $90,000.
MSTR is higher by 3% premarket alongside bitcoin’s modest weekend gain in price. The stock remains lower by more than 40% year-to-date.