Strategy increases cash reserves to $3 billion by selling common stock

A document on Monday showed that during the seven days ending July 12, Strategy did not make any Bitcoin purchases or sales. Instead, it boosted its cash buffer by issuing common stock, indicating that even as the company expands its financing tools, common stock remains its core source of funding. Currently, the trading price of Strategy’s preferred stock is still unattractive, which limits one of the main financing channels the company originally hoped to use to reduce its reliance on common stock.