Strategy expands USD Reserve to $1.1 billion
Strategy has increased its USD Reserve to $1.1 billion and expanded its total Bitcoin holdings to 846,842 BTC.
The company’s cash cushion had fallen to $871 million last month after repurchasing convertible debt at a discount.
Strategy shares rose 7.2% to $132.66, while Bitcoin rose above $66,500, a 4% increase over the past day.
The firm’s efforts to accumulate cash follow its decision to sell 32 Bitcoin for $2.5 million several weeks ago.