Strategy Boosts Cash Reserves 13% in Three Months to $2.55 Billion
Summary
- Strategy said it increased its dollar reserves by 13% over the past three months, bringing the total to $2.55 billion.
- Strategy said it sold about 3,600 Bitcoin to raise cash for dividend payments and other purposes, marking its first move toward potential sales since 2022.
- Strategy said its Bitcoin holdings stood at 843,775, up 10% over the past three months.
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Strategy, the world’s largest corporate Bitcoin treasury company, increased its cash reserves by 13% over the past three months.
Phong Le, the company’s chief executive officer, wrote on X on July 8 that Strategy increased its dollar reserves over the three months from April 6 to July 6. Its cash holdings stood at about $2.55 billion as of July 6.
Earlier this month, Strategy sold about 3,600 Bitcoin to raise cash for dividend payments and other purposes. The company also sold 32 Bitcoin in June, opening the door to potential sales of its Bitcoin holdings for the first time since 2022.
Strategy held 843,775 Bitcoin as of July 6. Le said that total has increased 10% over the past three months.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul