Strategy (MSTR) Stock: Raises $748M in Cash While Pausing Bitcoin Purchases

TLDR Strategy sold 4.5 million common shares last week for $748 million in net proceeds Company’s cash reserves now total $2.19 billion, enough to cover 32 months of obligations Bitcoin purchases paused as company rebalances assets during crypto downturn Strategy holds 671,268 Bitcoin worth over $59 billion at current prices TD Cowen maintains buy rating [...]

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