Strategy Buys 1,666 Bitcoin, Up 75% From Last Week

The company also repurchased about 1.53 million STRC shares for $151.7 million, with $48.1 million of that spending coming from its U.S. dollar cash balance.

That pushed Strategy’s USD cash balance down to about $1 billion from $1.05 billion a week earlier. Its separate USD Reserve fell slightly to $5.02 billion from $5.04 billion after the company made $22.1 million in preferred stock dividend payments.

The latest figures show that Strategy is not relying solely on its existing cash reserves to fund Bitcoin accumulation. Instead, it continues to raise capital through MSTR sales while directing part of the proceeds toward Bitcoin and another portion toward managing its preferred stock.

The approach also helps explain why the size of Strategy’s Bitcoin purchases can vary from week to week. The amount of Bitcoin the company can acquire depends partly on how much capital it raises through its equity programs and how that capital is allocated across Bitcoin purchases, preferred stock repurchases, and other corporate needs.

Source:: Strategy Buys 1,666 Bitcoin, Up 75% From Last Week