Strategy launches $1.6B cash pool after $2B raise as BTC buys stay paused

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Strategy announced the launch of a $1.6 billion cash pool following a $2 billion capital raise. The company made no Bitcoin purchases or sales during the past week, leaving its holdings unchanged at 840,447 BTC, acquired for a total of $63.36 billion at an average price of $75,385 per Bitcoin. This new cash account gives management greater flexibility to fund preferred-stock dividends, debt payments, securities repurchases, and potential future Bitcoin purchases. The company’s US dollar reserve grew from $900 million at the end of May to $5.1 billion as of Sunday.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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