Michael Saylor's Strategy boosted cash reserve to $3.75 billion, repurchased $25 million of STRC
CoinDesk 2026-07-27 12:12:54
Context: MicroStrategy, led by Executive Chairman Michael Saylor, has bolstered its cash reserve to $3.75 billion, a move that provides 2.1 years of coverage for its preferred stock dividends. The company raised $544.5 million through the sale of over 5.4 million shares of common stock. This financial maneuvering has contributed to a 2.5% increase in the value of MicroStrategy's stock and its high-yielding preferred stock, STRC.
Key Facts
- MicroStrategy's cash reserve now stands at $3.75 billion, which is sufficient to cover 2.1 years of preferred stock dividend payments according to Michael Saylor.
- The company raised $544.5 million through the sale of more than 5.4 million shares of common stock, as per an SEC filing.
- A portion of the raised funds, amounting to $25 million, was utilized to repurchase 288,930 shares of its high-yielding preferred stock, STRC.
- MicroStrategy's bitcoin holdings remain unchanged at 843,775 coins, while the company's stock and STRC have each seen a 2.5% increase in value pre-market.
- The price of bitcoin rose to $65,000 over the weekend, contributing to the increase in MicroStrategy's stock value.