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Sadii

06/23 13:39

Just days after various naysayers questioned the c

#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge Just days after various naysayers questioned the company’s financial runway, Strategy has officially shut down the skeptics.  Advertisement In a recent X post, Executive Chairman Michael Saylor announced yet another Bitcoin purchase. On top of that, the company has fortified its cash reserves.Strategy acquired 520 BTC for approximately $35 million at an average price of $67,068 per coin. HOT Stories Bitcoin (BTC), Shiba Inu (SHIB), Ethereum (ETH) and XRP Price Analysis For June 22: Reclaiming Bullish Narrative Analyst Urges Ripple to Unlock XRP Escrows Faster The latest purchase has pushed Strategy's Bitcoin holdings to an eye-popping 847,363 BTC. Advertisement The company raised and retained an additional $300 million in cash. It has bumped its total USD liquidity reserve from $1.1 billion to $1.4 billion.Market analyst Adam Livingston noted that the capital deployment was highly accretive for equity holders. It has yielded an increase of 260 satoshis per share. Remarkably, only 10.4% of the newly raised capital was deployed directly into Bitcoin. The remaining 89.6% was intentionally kept as cash to reinforce the company's financial foundation. Advertisement The finding The purchase solves the riddle that had left the crypto community perplexed just hours prior to the announcement. As reported by U.Today, critics openly wondered where Saylor would find the cash.Strategy raised $335.5 million by issuing 2.7 million new Class A common shares ($MSTR). Notably, the company issued zero new preferred stock for the fourth consecutive week. Instead, it opted for relying on equity to protect its corporate capital structure.The company's variable-rate perpetual preferred stock, STRC, had recently become a primary target for BTC bears after collapsing bel
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