finance
Strategy Added $35 Million in Bitcoin and $300 Million in Cash Last Week
Strategy increased its bitcoin holdings by $35 million and its cash reserves by $300 million during the most recent week. The company said the cash increase is intended to support dividend payments on its preferred shares.
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Strategy added $35 million worth of bitcoin and $300 million in cash reserves during the past week. The company stated that the increase in cash is intended to support dividend payments on its preferred shares, which trade under the ticker STRC.
The additions bring Strategy's total bitcoin position and cash balance higher than the levels reported at the end of the prior week. No further details on the timing or method of the purchases were provided.
The company has faced pressure on its preferred shares, which have declined in value in recent periods. The added cash reserves are meant to address investor concerns about the company's ability to maintain dividend payments on those shares.
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