Strategy, formerly MicroStrategy, boosted its USD reserves from $4.8 billion to $6.685 billion following a $1.885 billion capital injection. The company raised these funds through at-the-market equity offerings, directing the proceeds to its cash reserve rather than immediate Bitcoin purchases. This cash accumulation is designed to cover dividend payments on preferred equity, which are denominated in US dollars rather than Bitcoin, without forcing the sale of BTC in a down market. For the Bitcoin market, this buying pause removes a significant source of demand, though the $6.7 billion war chest remains available for future purchases.
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