In brief
Strategy spent $35 million on Bitcoin while padding its USD reserve for a third straight week.
Following STRC's tumble to new lows last week, the company now has $1.4 billion in cash.
The firm's activity was outpaced by Strive, while its preferred stock rebounded from recent losses.
Bitcoin treasury company Strategy accumulated cash for a third straight week, attempting to strengthen its balance sheet as its flagship preferred share faced record volatility and tumbled to new lows.The Tysons Corner, Virginia-based firm shored up its so-called USD reserve with $300 million, lifting it to $1.4 billion, according to a press release. The funds were completely derived from issuing common stock, yielding $335 million for the Bitcoin-buying firm.
