CoinDesk·5 min read·hard
Michael Saylor's Strategy boosted cash reserve to $3.75 billion, repurchased $25 million of STRC
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Stephen Alpher
✦AI Summary
Michael Saylor's company, MicroStrategy, has bolstered its cash reserves to $3.75 billion through stock sales and repurchased $25 million of its preferred stock. The company maintains its significant bitcoin holdings while market sentiment remains cautiously optimistic.
That $3.75 billion is enough for 2.1 years of preferred stock dividend coverage, according to Executive Chairman Michael Saylor.
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