Strategy said it added another $250 million to its cash reserves, bringing the total to $4 billion and marking the sixth consecutive week of increases. The update comes after the company paused its weekly Bitcoin buying program for about six weeks.
The company has also sold part of its Bitcoin holdings in recent weeks. Even after those sales, Strategy still holds 842,138 BTC, keeping its position as the largest corporate Bitcoin holder globally. Alongside the reserve update, the company disclosed that it has repurchased about $81 million of STRC preferred stock.
According to the disclosure cited by U.Today, the buyback was aimed at optimizing the balance sheet and preserving financial flexibility. Strategy did not say when it plans to resume Bitcoin purchases. The latest move shows the company is still adjusting its capital structure and liquidity position while keeping a large Bitcoin treasury on its books.
Strategy said it added $250 million to its cash reserves, taking the total to $4 billion. The increase marks the sixth straight week in which the company has expanded its cash position.
The company had already paused its weekly Bitcoin purchases for about six weeks. It also recently sold part of its Bitcoin holdings. Even so, Strategy still holds 842,138 BTC and remains the world’s largest corporate Bitcoin holder.
Strategy also disclosed that it has repurchased about $81 million of STRC preferred stock to optimize its balance sheet and maintain financial flexibility. The company did not indicate when it may resume Bitcoin purchases. U.Today was cited as the source of the report.
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