Strategy raised $747.8 million in net proceeds after selling approximately 4.5 million Class A common shares through its at-the-market offering programme.
The share sale took place between December 15 and December 21 and did not involve the issuance of preferred stock.
Following the transaction, the company’s US dollar cash reserves increased to $2.19 billion.
Strategy executive chairman Michael Saylor confirmed the updated reserve and crypto holdings in a public disclosure.
The company continues to hold 671,268 Bitcoin, retaining its position among the largest corporate holders globally.
Strategy said the capital raise forms part of efforts to rebalance assets during a prolonged crypto market downturn.
The firm previously announced the creation of a dedicated US dollar reserve earlier in December.
The reserve was initially set at $1.44 billion to support dividend payments and interest obligations on outstanding debt.
Strategy’s current intention is to maintain a USD Reserve in an amount sufficient to fund at least twelve months of its dividends.
The company said.
It added that the longer-term objective is to expand the reserve to cover 24 months or more of dividend payments.
The build-up of cash reserves has coincided with a pause in additional Bitcoin purchases.
Strategy’s most recent Bitcoin acquisition occurred on December 15.
The company bought 10,645 Bitcoin for $980.3 million at an average price of $92,098 per coin.
In total, Strategy has spent $50.33 billion acquiring Bitcoin at an average price of $74,972.
Strategy’s shares have fallen nearly 50% over the past 12 months amid broader weakness in crypto-linked equities.
Other firms adopting similar Bitcoin treasury strategies have also recorded sharp share price declines.
At the time of reporting, Bitcoin price was $88,471.27.