MicroStrategy Halts Bitcoin Purchases for Five Weeks, Builds $3.75B Cash Reserve

BTC-1.55%
According to a Form 8-K filing on July 27, MicroStrategy has not purchased any Bitcoin in five consecutive weeks, instead building a $3.75 billion cash reserve through $544.5 million in stock sales last week. The company currently holds 843,775 BTC and now has $3.75 billion in dollar reserves, which it frames as covering 2.1 years of dividend obligations against roughly $1.76 billion in annual preferred commitments.
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