The boost to cash reserves is meant to reassure investors about dividend payments on the company's hard-hit preferred shares, STRC. Strategy acquired 520 bitcoin last week for approximately $34.9 million, bringing its total holdings to 847,363 BTC. The company also raised its cash reserves by $300 million to $1.4 billion. Both of the moves were funded via sales of common stock. Michael Saylor and his embattled Strategy (MSTR) sold more common stock last week, using the proceeds to add a re…
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