MicroStrategy has significantly increased its cash reserves, reaching a total of $3.75 billion after recent stock sales. The company raised $544.5 million in cash via the sale of its common stock last week. This influx of funds is part of Michael Saylor's strategy to boost the firm's capital reserves and potentially utilize them for strategic investments or acquisitions.
Source
"MicroStrategy Adds $3.75B to Cash Reserve with Recent Stock Sales" — CoinDesk
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The move also involved the repurchase of 37,700 shares of its own common stock, valued at $25 million.