Strategy’s ( MSTR ) cash reserve now stands at $3.75 billion after the company raised $544.5 million last week.
The $3.75 billion is enough to cover 2.1 years of preferred stock dividends, according to executive chairman Michael Saylor.
The money was raised through the sale of more than 5.4 shares of common stock, according to an SEC filing Monday morning.
A small portion of the money raised last week — $25 million — was used to buy back 288,930 shares of its high-yield preferred stock STRC.
The company made no changes to its bitcoin holdings, which remain at 843,775 coins.
MSTR and its high-yield preferred stock STRC are each higher by about 2.5% pre-market as bitcoin rose to $65,000 over the weekend.
