MicroStrategy is trading 4.9% up at $96.69 after a new filing showed the company boosted its U.S. dollar reserves to $3.75 billion and temporarily paused new Bitcoin purchases.
- The liquidity boost was funded by $544.5 million raised through at-the-market share sales.
- Investors are viewing the move as a de-risking strategy that provides more flexibility, helping the stock outperform a flat crypto market and rally alongside software peers.