Headline: MicroStrategy boosts dividend reserve by $748M as BTC holdings swell to ~$60.4B
MicroStrategy (MSTR), the largest publicly traded bitcoin holder, added $747.8 million to its cash "USD Reserve" last week, lifting the fund to roughly $2.2 billion, according to a Monday SEC filing. The company says that reserve is intended to cover dividends on its preferred stock and is now large enough to fund about 32 months of those payments.
The capital infusion was raised entirely through sales of MicroStrategy’s common stock, the filing notes.
MicroStrategy still holds 671,268 BTC, which the company bought for just over $50 billion and which is now worth roughly $60.4 billion based on bitcoin trading around $90,000. Shares of MSTR were up about 3% in premarket trading—tracking bitcoin’s modest weekend gains—though the stock remains down more than 40% year-to-date.
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