Strategy has strengthened its balance sheet by boosting its US dollar reserves and expanding its preferred stock buyback program, even as it sold more than $100 million worth of Bitcoin last week.
The company added $250 million to its cash holdings, bringing its total dollar reserve to approximately $4 billion. It also repurchased about $81 million of its Variable Rate Series A Perpetual Stretch Preferred Stock, known as STRC.
These moves are part of Strategy’s recently introduced Digital Credit Capital Framework, which is designed to improve financial flexibility. The company plans to use its cash reserves primarily to cover preferred stock dividend payments and debt interest obligations, reducing the likelihood of having to sell Bitcoin during periods of market volatility.
However, the company’s latest regulatory filing revealed a detail that Executive Chairman Michael Saylor did not highlight publicly. Between July 27 and August 2, Strategy sold approximately 1,638 BTC for about $105 million at an average price of $63,957 per Bitcoin. The disclosure was included in the company’s official filing.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
