Strategy Adds $525M to Cash Reserve, Skips Bitcoin Buy for Fifth Week - Decrypt

In brief

Strategy added $525 million to its USD Reserve, taking it to $3.75 billion, and skipped a Bitcoin buy for a fifth straight week.

The reserve now covers 2.1 years of the preferred dividends and debt interest the firm owes each year.

The Bitcoin treasury firm also bought back $25 million of STRC preferred stock, its first purchase under a $1 billion authorization.

Bitcoin treasury firm Strategy went a fifth straight week without buying Bitcoin, adding $525 million to its cash reserve instead and lifting the balance to $3.75 billion.Strategy sold 5,429,160 shares of MSTR common stock through its at-the-market program between July 20 and July 26, generating $544.5 million in net proceeds, the company said in an announcement. Its Bitcoin holdings stayed at 843,775 BTC, untouched since a purchase of 520 BTC for $35 million disclosed on June 22.