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The company sold about 4.5 million common shares last week, lifting its cash reserves to $2.19 billion while pausing Bitcoin purchases.<\/p>\n
Strategy added $747.8 million in net proceeds from the sale of common stock last week to its cash reserves and paused its Bitcoin purchases, as the company rebalances its assets amid the crypto downturn. <\/p>\n
According to a post<\/a> by\u00a0Strategy executive chairman Michael Saylor, the company’s cash reserves now stand at $2.19 billion, while its crypto stash is at 671,268 Bitcoin (BTC<\/a>).<\/p>\n A filing<\/a> with regulators shows Strategy sold 4.535 million shares of its Class A common stock (MSTR) during the Dec. 15-21 period, generating $747.8 million in net proceeds through its at-the-market offering program. The company did not sell any preferred stock during the period.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n