On July 21, Strategy rose 5.03% in regular trading, trading at $99.36/share with turnover of $607 million. The move comes as the company disclosed its USD reserves reached $3.225 billion as of July 19, a notable increase from approximately $2.6 billion reported just weeks earlier.

Adding to bullish sentiment, a former Goldman Sachs credit portfolio manager with 25 years of high-risk debt valuation experience published a detailed model concluding that Strategy's STRC preferred stock is mispriced by approximately 13%, with fair value near $96 versus its recent trading price around $85. The analysis argues that even if Bitcoin never appreciates, Strategy's roughly $55 billion in Bitcoin holdings could theoretically cover STRC's annual ~$1.7 billion dividend obligation for approximately 29 years, alleviating concerns over near-term cash flow sustainability that had pressured shares in recent weeks.

The improved cash reserve position represents a meaningful shift from early July, when analysts had flagged that Strategy's $1.4 billion cash pile was insufficient to cover roughly $1.7 billion in annual dividend and interest obligations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)