Strategy Raises Cash 13% in Three Months to $2.55 Billion
Summary
- Strategy said it increased its cash holdings by 13% over the past three months, bringing the total to about $2.55 billion.
- Strategy said it sold about 3,600 Bitcoin to raise cash for dividend payments and other purposes.
- Strategy said its Bitcoin holdings stood at 843,775 and had increased 10% over the past three months.
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Strategy, the world’s largest corporate Bitcoin holder, increased its cash holdings by more than 10% over the past three months.
Phong Le, Strategy’s chief executive officer, wrote on X on July 8 that the company increased its dollar reserves by 13% in the three months from April 6 to July 6. Its cash holdings totaled about $2.55 billion as of July 6.
Earlier in July, Strategy sold about 3,600 Bitcoin to raise cash for dividend payments and other purposes. The company also sold 32 Bitcoin in June, marking the first sale from its holdings since 2022.
Strategy held 843,775 Bitcoin as of July 6. Le said that total had risen 10% over the past three months.
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