Summary
- Strategy raised about $225 million in cash last week by selling common stock, lifting its U.S. dollar reserves to $3.225 billion while leaving its bitcoin holdings unchanged.
- A regulatory filing shows the company sold more than 2.7 million MSTR shares for roughly $263.5 million through its at-the-market equity program.
- The move follows a rare $216 million bitcoin sale and is part of a broader effort to rebuild liquidity and support dividends, even as Strategy remains the largest corporate bitcoin holder with 843,775 BTC worth about $54.6 billion.
Building Cash Reserves with Bitcoin Holdings Intact
Michael Saylor’s company has raised its cash reserves to $3.2 billion, with its bitcoin holdings remaining unchanged at 843,775 BTC. This move aims to bolster liquidity, and it comes after the company sold common stock, generating roughly $225 million in cash. The firm’s U.S. dollar reserve now stands at $3.225 billion, providing a significant cushion alongside its substantial bitcoin stash.
The company’s decision to rebuild its cash buffer is a strategic one, especially considering the recent crypto market downturn. By maintaining its bitcoin holdings, the company is sticking to its long-term investment strategy. The current price of bitcoin is around $64,700, making the company’s BTC treasury worth nearly $55 billion. This significant holding solidifies the company’s position as the world’s largest corporate bitcoin holder.
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Earlier this month, the company disclosed the sale of about $216 million worth of bitcoin, a rare reduction in its BTC holdings that marked its first significant sale after years of near-continuous accumulation. Before that, the firm approved a new bitcoin monetization program that included selling up to $1.25 billion of its BTC stash to boost cash reserves and fund dividend payments.
Strategy remains the world’s largest corporate bitcoin holder by a wide margin. At bitcoin’s current price of $64,700, its 843,775 BTC treasury is worth nearly $55 billion.
