Michael Saylor's Strategy Builds Cash Reserves to $3.75 Billion and Buys Back $25 Million in Preferred Stock

Strategy's cash reserve hit $3.75 billion following a $544.5 million capital raise last week.

Michael Saylor, the Executive Chairman, noted that this amount covers 2.1 years of preferred stock dividends.

The funds came from selling over 5.4 million common stock shares, according to an SEC filing Monday morning.

A portion of the proceeds, $25 million, went toward repurchasing 288,930 shares of the preferred stock STRC.

Strategy held steady with its bitcoin assets, maintaining a total of 843,775 coins.

Pre-market, Strategy (MSTR) and the STRC preferred stock gained approximately 2.5% as bitcoin climbed above $65,000 over the weekend.