Strategy Shares Gain 27% as Cash Reserves Hit $2.55 Billion
Strategy, the corporate treasury company formerly known as MicroStrategy, added $5 billion to its market valuation over the past five days, pushing its common stock up 27%. The rally began after the company disclosed Monday that it increased its corporate cash reserves to $2.55 billion, signaling a shift toward a stronger fiat position to support its capital structure.
The strengthened cash balance helped stabilize the company's preferred shares and offset recent volatility across the cryptocurrency market. Earlier this month, the board authorized the sale of up to $1.25 billion in Bitcoin, breaking a holding stance maintained since 2022. Despite the authorization, treasury operations utilized proceeds from recent share issuances to directly bolster the cash reserve instead. CEO Michael Saylor stated the company's objective is for its STRC preferred stock to trade between $99 and $100, while analysts noted the recovery as a sign of temporary stabilization amid digital asset price pressure.
From the sources (8 posts)
@cryptorover🚨 STRATEGY JUST APPROVED SELLING UP TO 1.25 BILLION IN BITCOIN. Back in June, the company sold just 32 $BTC. Tiny in size, but symbolic. It broke the never sell stance for the first time since 2022. Bitcoin CRASHED 20%... Now they h
@cryptoroverIs Michael Saylor really back, or is this just a dead cat bounce dressed up as a comeback? $MSTR jumped nearly 13%. But Strategy bought ZERO Bitcoin last week. Instead, it sold another 12.67 million MSTR shares and raised $1.15 billion t
@cryptoroverTHIS IS SHOCKING FOR BITCOIN: In June, Strategy sold just 32 BTC. Tiny, but symbolic. The first sale since 2022. Bitcoin CRASHED more than 20%. Now the board has authorized selling up to 1.25 billion dollars of Bitcoin from time to
@saylorAs Strategy disclosed Monday: our corporate objective is for $STRC to trade over time at $99–$100.
@trustlessstateRT @Bankless: At what price would @jdorman81 actually buy $STRC for a fund? “Not unless this thing gets to 30 or 40¢ on the dollar and you…
@laurashinThis Monday, most people were expecting that Strategy had tapped the ATM, raised a hundred million dollars and maybe did an announcement about the other preferreds trading below par. But what they did was much more comprehensive and strengt
@laurashinDavid Lawant on why this week was marked by stabilization for STRC and SATA even as Bitcoin remains under pressure "STRC was trading at $75 before the announcement. It has recovered to the mid eighties. We are still very far from par. The
@cryptoroverBREAKING: Strategy $MSTR is now up 27% over the past 5 days, adding $5B in market cap. The price movement started after Strategy increased its cash reserves to $2.55 billion.