Strategy Stock Rises After Company Boosts Dollar Reserve to $3.75 Billion -- WSJ

By Vicky Ge Huang

Shares of Strategy, the bitcoin-accumulation firm founded by Michael Saylor, jumped Monday after the company boosted its U.S. dollar reserve to $3.75 billion.

Strategy's stock gained 7.5% Monday afternoon, though it is still down 35% this year.

Specifically, Strategy said it sold $544.5 million worth of common shares in the past week, while making no bitcoin sales or purchases. It bought back $25 million worth of Stretch, the company's largest dividend-paying preferred stock.

The preferred stock repurchase is part of a turnaround plan that Strategy unveiled last month to restore investor confidence in the company. Shares of Stretch were trading around $89 Monday afternoon, 11% below their par value of $100.

This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).

(END) Dow Jones Newswires

July 27, 2026 15:52 ET (19:52 GMT)