It has been roughly a month since the world’s largest corporate holder of bitcoin halted its cryptocurrency purchases, as it has seemingly listened to some experts’ advice to focus on rebuilding its greenback reserve.

The latest example was just announced by Strategy’s co-founder and former CEO, Michael Saylor. In a tweet on X, the prominent BTC bull noted that the firm has raised its USD stash by another $525 million. Consequently, it now has the power to cover 2.1 years of dividend payments.

Strategy sold 5.4 million shares through its ATM program in the past week, which allowed it to raise the aforementioned millions of dollars.

The reason for this pivot came in late Q2 when STRC, the company’s stretch stock used to raise funds to buy BTC, dumped far away from its par price of $100. Its low came a month ago at under $75, which prompted Strategy to rethink its focus. It has since recovered to $87, but it’s still below the needed $100.

While it has not announced a new bitcoin buy since June 22, the company sold 3,588 units a week later and has remained determined to raise its cash pile. It also launched the Digital Credit Capital Framework to enhance its available liquidity to cover monthly dividend payments and increase its long-term cryptocurrency exposure.

For now, Strategy’s bitcoin stash remains unchanged at 843,775 BTC, currently valued at just over $56 billion given the asset’s price of $65,000.

Source: CryptoPotato