Strategy's Cash Pile Reaches $3.75B After $544.5M ATM Equity Raise

Strategy Inc. (MSTR) boosted liquidity after raising $544.5 million through its at-the-market equity program, taking its cash reserve to $3.75 billion. The company's Bitcoin position was unchanged at 843,775 BTC, underscoring a preference to build financial flexibility without tapping its crypto treasury. MSTR shares and the STRC preferred also traded higher in premarket activity. In a filing with the U.S. Securities and Exchange Commission, Strategy said it sold more than 5.4 million Class A shares. The cash balance rose $525 million from the prior week. Executive Chairman Michael Saylor said the cash reserve is enough to cover about 2.1 years of preferred-stock dividend payments. Alongside the capital raise, Strategy repurchased 288,930 STRC preferred shares for $25 million. The firm has gone three straight weeks without buying or selling Bitcoin. Its 843,775 BTC were acquired at an average price of $75,476 per coin. Management said the larger cash position supports dividend payments, interest obligations and future capital actions. Strategy has $975 million remaining authorized for preferred share repurchases and $1 billion available for common-stock buybacks. Separately, Saylor drew mixed reactions after arguing that wider Bitcoin adoption depends on integration with traditional banks. Critics cited Bitcoin's peer-to-peer roots, while supporters said institutional participation could speed mainstream uptake. Disclaimer: This content is for informational purposes only and does not constitute financial advice. Readers should conduct their own research before making financial decisions.