Strategy boosts USD reserve with $748M stock sale, skips Bitcoin purchases

Strategy added $747.8 million in net proceeds from a recent common stock sale, increasing its cash reserves to $2.19 billion, while pausing further Bitcoin purchases as the company rebalances assets during the crypto downturn. This stock sale supports the company's newly established USD Reserve, initially set at $1.44 billion, intended to cover at least twelve months of preferred stock dividends and interest payments, with a goal of covering 24 months or more over time. Strategy's total Bitcoin holdings remain at 671,268 BTC, acquired at an average price of $74,972 per Bitcoin, but the company has not purchased more since December 15th. The move comes as Strategy's common stock has declined nearly 50% over the past year, mirroring broader struggles for companies adopting the Bitcoin treasury model.

(Source：Cointelegraph)