Strategy Leaves Bitcoin Holdings Unchanged

Strategy (NASDAQ: $MSTR) maintained its Bitcoin (CRYPTO: $BTC) holdings steady over the past week, despite continuing to repurchase its preferred stock (NASDAQ: $STRC). The company raised $333.7 million U.S. through the issuance of 3.46 million shares of common stock, which was used to increase its cash reserves by $150 million U.S. and repurchase $132.2 million U.S. of its variable-rate preferred stock.

Meanwhile, Strategy's Bitcoin holdings stood at 840,447 BTC, acquired at an average cost of $75,385 U.S. per BTC. The company's near-term focus is on building cash reserves and fulfilling dividend payments on its preferred stock. With $653 million U.S. left in its preferred-stock repurchase program and $1 billion U.S. available under its common-stock buyback program, Strategy's stock has fallen 74% over the past year, trading at $93.04 U.S. per share.