On Monday, Strategy (MSTR.US) shares continued their upward trajectory, climbing more than 4% at the time of writing, bringing its total gain since August to approximately 30%.
The rally comes as the company disclosed the establishment of a new $1.59 billion "dollar cash pool," which adds fresh potential firepower for further bitcoin acquisitions. According to Monday's filing, this newly created cash pool will operate alongside the company's existing reserves and may be utilized for purchasing bitcoin, paying preferred stock dividends and debt interest, repurchasing securities, as well as meeting other corporate operational needs.
Adding to the positive sentiment, the recent rebound in cryptocurrencies has provided a favorable tailwind for the company. Bitcoin is currently trading at $78,807, up about 1.93%, while Ethereum is quoted at $2,497, reflecting a gain of approximately 1.81%.
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