Strategy Inc Holds $3.75B Cash, No Class A Buybacks Amid Bitcoin Growth
MSTR sits 19% above its 52-week low of $81.81.
Summary
Strategy Inc disclosed $3.75 billion in cash reserves, enough to cover over two years of preferred stock dividends and interest, alongside updated Bitcoin holdings of 843,775 BTC as of July 26—a 25% year-to-date increase. The company sold approximately $218.4 million in Bitcoin to fund preferred dividends, with the bulk occurring in early July. Management confirmed no repurchases of Class A common stock, while its STRC vehicle bought back $28.9 million at an average price of $86.53, leaving $975 million under a $1 billion authorization. This follows the July 30 8-K reporting an $8.22 billion Q2 net loss and provides new granularity on liquidity and capital allocation. The cash cushion and ongoing Bitcoin accumulation signal a focus on sustaining dividend obligations despite recent losses.
At the time of this announcement, MSTR was trading at $97.75 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $34.3B. The 52-week trading range was $81.81 to $414.36. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.