MicroStrategy Bolsters Cash Reserves | Bitcoin and Crypto News

MicroStrategy just piled up $3.75 billion in cash—earning over $544 million last week by selling 5.4 million shares. Executive Chairman Michael Saylor says the windfall can cover preferred stock dividends for 2 years and 2 months. They’ve also used $25 million to buy back high-yield preferred stock, while keeping their Bitcoin stash unchanged at 843,775 coins. It’s a strategic move to fortify their finances without touching their crypto holdings. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/5549dc8a93fd8bf1