Strategy Boosts Cash Reserve As Bitcoin Treasury Model Gets More Complex

Strategy has added $650 million to its USD reserve and repurchased $109 million of STRC preferred stock, showing again that the company’s Bitcoin strategy is no longer just a simple accumulation story.
The company, formerly MicroStrategy, filed an update showing the reserve increase was funded through MSTR common stock ATM sales. It also sold 1,690 BTC for $108.6 million and used that capital to buy back STRC preferred shares.
That combination matters because Strategy remains the market&rs