Strategy Rebuilds $3 Billion Cash Reserve by Selling 3,588 Bitcoin in June-July

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Strategy announced a new digital credit capital framework on June 29 aimed at reducing liquidity pressure by rebuilding cash reserves, pausing bitcoin purchases, and creating tools for dividend funding and share repurchases. From June 29 through July 5, the company sold 3,588 bitcoin for approximately $216 million to fund preferred dividends and increase its U.S. dollar reserve from $1.44 billion to $3 billion. The company also raised $466.7 million through equity sales from July 6–12 without additional bitcoin transactions. Strategy's bitcoin holdings remained steady at 843,775 bitcoin. Dividend coverage improved from 14 months to 29 months, while its preferred shares (STRC) recovered from a $75 low in late June to around $88 following the announcement, though still below the $100 par value.
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