Strategy's Stock Rises After Company Announces Additional Bitcoin Purchases
Strategy (MSTR) saw its stock rise over 8% in premarket trading after the company disclosed it had purchased an additional 950 bitcoin and repurchased about 1.77 million preferred shares last week, according to a Monday filing with the SEC. The purchases were part of Strategy's ongoing financial strategy amid broader crypto market volatility. The firm also used $57.4 million for dividends on its preferred stock (STRC) and interest payments. As a result, Strategy reported holding $1.05 billion in USD cash reserves and $5.04 billion in total cash. The move helped push the company's shares into positive territory for 2026 after months of decline due to falling crypto prices and financial pressures from debt obligations.
Tickers: $MSTR
Topics: Bitcoin Corporate Finance Stock Movement