The Bitcoin treasury firm raised $335 million via stock issuance to bolster its USD reserve after preferred shares hit record lows.
Strategy increased its USD reserve to $1.4 billion, adding $300 million in cash for the third consecutive week. The move follows a sharp decline in its preferred stock, $STRC, which reached new lows amid heightened volatility.
The firm raised $335 million by issuing common stock, with proceeds fully allocated to the USD reserve. Strategy also purchased 520 BTC for $35 million, its smallest acquisition since a 32 BTC sale three weeks prior, which preceded its worst weekly performance since November 2022.
Bitcoin traded at approximately $65,000, up 1.5% over the past day. Strategy’s BTC holdings now total 847,363 BTC, valued at $55 billion, reflecting an unrealized loss of roughly $9 billion.