Strategy added $35 million in bitcoin, $300 million in cash reserves last week
CoinDesk 2026-06-22 12:39:40
Context: Strategy, a company led by Michael Saylor, has bolstered its financials by acquiring 520 bitcoin and increasing its cash reserves by $300 million last week. The moves aim to reassure investors about dividend payments on the company's preferred shares, which have faced concerns about their soundness. The transactions were funded through the sale of 2.7 million shares of the company's common stock.
Key Facts
- Strategy acquired 520 bitcoin last week for approximately $34.9 million, bringing its total holdings to 847,363 BTC, acquired at a total cost of roughly $64.01 billion, or an average purchase price of $75.651 per coin.
- The company raised its cash reserves by $300 million to $1.4 billion, which will be used to back dividend payments on its high-yielding preferred stock, STRC.
- The transactions were funded via the sale of 2.7 million shares of MSTR, raising $335.5 million, with $35 million used for the bitcoin acquisition and $300 million added to cash reserves.
- The boost to cash reserves is intended to alleviate investor concerns about STRC's soundness, which led to panic selling and a record low price of below $83, although shares have since recovered to $90.43.
- The company's common stock, MSTR, rose 3.5% on the day, as bitcoin prices bounced to just shy of $65,000, following the announcement of the increased cash reserves and bitcoin holdings.