Strategy Builds Cash Buffer to $3.75 Billion
The added cushion is meant to help cover dividend obligations on STRC, while Strategy leaves its 843,775 BTC untouched. MSTR also rose alongside Bitcoin’s latest move higher.
Key Takeaways
- Strategy increased its cash reserve to $3.75 billion after selling $525 million worth of common stock.
- The company kept its Bitcoin position unchanged at 843,775 coins.
- MSTR and STRC each rose about 2.5 percent in premarket trading after Bitcoin rallied to $65,000.
Strategy expanded its cash cushion to $3.75 billion (€3.3 billion) after bringing in $525 million (€461 million) from a common stock sale. Even with the added liquidity, the company did not touch its Bitcoin position, which remains at 843,775 coins, while MSTR shares tracked Bitcoin’s move higher in premarket trading.
Capital Raised Through Stock Sales
In a SEC filing released Monday morning, Strategy said it raised the funds by selling more than 5.4 million shares of common stock. Executive Chairman Michael Saylor said the company’s $3.75 billion (€3.3 billion) cash balance is enough to cover 2.1 years of preferred stock dividend payments. In other words, Strategy now has more room to maneuver without needing to sell down its Bitcoin holdings.
The latest move fits Strategy’s usual playbook. The company has repeatedly turned to stock and preferred stock sales to fund its balance sheet while keeping a large Bitcoin treasury intact. It has also used preferred stock structures in previous fundraising rounds, even as it stayed heavily exposed to a volatile asset. That context also ties into the recent discussion around the company’s capital structure, including the adjusted Bitcoin metrics designed to give investors a clearer picture of the claims against its balance sheet.
STRC and Dividend Pressure
Based on the provided context, the preferred stock STRC, also called Stretch, has carried an 11.5 percent dividend rate since June 1, 2026, up from 9 percent before that. That makes the larger cash buffer more relevant, especially since Strategy has also sold Bitcoin in the past to help fund dividend payments, including 32 BTC in May 2026.
For European investors, the main point is that Strategy is still widely viewed as a leveraged Bitcoin proxy. The stock has tended to move closely with BTC, and its large holdings plus financing setup can make those swings even bigger.
Market Reacts to Bitcoin
MSTR and STRC were both up about 2.5 percent in premarket trading after Bitcoin climbed to $65,000 (€57,100) over the weekend. Taken together, the bigger cash reserve and unchanged Bitcoin stack suggest Strategy is, for now, reinforcing its balance sheet without changing its core crypto bet.
