Strategy (MSTR) acquired 520 bitcoin last week for approximately $34.9 million, bringing its total holdings to 847,363 BTC. The company also raised its cash reserves by $300 million to $1.4 billion, funded through sales of common stock. The cash boost is intended to reassure investors about dividend payments on the company's high-yielding preferred shares (STRC), which have been under pressure. STRC fell to a record low below $83 last week but has since recovered to around $90.43, still below the par value of $100. Michael Saylor's strategy of using stock sales to fund bitcoin purchases continues, with MSTR up 3.5% on Monday as bitcoin rebounded to near $65,000.

Key facts

• Strategy bought 520 BTC for $34.9 million at average $67,068 per coin.
• Total bitcoin holdings reach 847,363 BTC acquired at average $75,651.
• Cash reserves increased by $300 million to $1.4 billion via stock sales.
• Cash boost aims to reassure investors about STRC preferred share dividends.
• STRC hit record low below $83 but recovered to $90.43, still below par.

KeyAudit data perspective