Michael Saylor’s MSTR raised BTC holdings to 673,783 coins and cash to $2.25 billion
Led by Executive Chairman Michael Saylor, the company added 1,287 bitcoin for just over $116 million, or an average price of about $90,000 each. Firm holdings are now 673,783 bitcoin purchased for $50.55 billion, or an average price of $75,026 each.
The company last week also added $62 million to its cash reserves, bringing that total to $2.25 billion.
The boosts to both the cash and BTC reserves were funded through the sales of common stock.
The cash reserve is intended to fund dividend payments on the company’s perpetual preferred equity. At current levels, Strategy has enough cash on hand to fund 32.5 months of dividend coverage, according to the company dashboard.
MSTR shares were up 4.5% in premarket action alongside a weekend rise in the price of bitcoin to the current $92,900.
Source: [source]