Michael Saylor's Strategy boosted cash reserve to $3.75 billion, repurchased $25 million of STRC
CoinDesk·

60-second summary
Michael Saylor's strategy is boosting MicroStrategy's cash reserve to $3.75 billion, an increase of $544.5 million from last week's common stock sales. Additionally, the company repurchased $25 million of its own stock, STRC. This significant cash injection positions MicroStrategy to continue investing in Bitcoin, further solidifying its position in the crypto market.
The company last week raised $544.5 million in cash via sales of its common stock.