Strategy Inc Stock Surges After Large ATM Sale, Preferred Buyback and Cash Reserve Boost
Strategy Inc shares jumped 6.6% in morning trading after the company reported selling more than 5.4 million Class A shares under its at-the-market program during July 20-26, generating $544.5 million in net proceeds and lifting its cash reserve to $3.75 billion. Management also repurchased nearly 289,000 shares of variable-rate STRC preferred stock…