Strategy added $35 million in bitcoin, $300 million in cash reserves last week

Strategy added $35 million in Bitcoin and $300 million in cash reserves last week, as reported by the company on June 13, 2024. This significant increase in cash reserves is intended to provide reassurance to investors concerning dividend payments on the company's preferred shares, which have experienced a notable decline in value. The company's financial maneuvers aim to stabilize investor confidence amidst market volatility affecting its preferred stock. The specific dates for these additions were not detailed beyond "last week." This strategic allocation of capital signals a move to bolster financial stability and meet shareholder obligations.