Strategy increases cash reserves and suspends Bitcoin purchases.

According to Odaily Planet Daily, in the seven days ending December 21, Strategy Inc. raised $748 million through the sale of common stock, increasing its cash reserves to $2.19 billion and suspending its Bitcoin purchases. The company currently holds Bitcoin worth approximately $60 billion. Earlier this month, Strategy Inc. established a $1.4 billion reserve to pay future dividends and interest. According to TD Cowen analyst Lance Vitanza, Strategy Inc. pays approximately $824 million in interest and dividends annually.