Strategy Adds $35M in Bitcoin and Builds $300M Cash Reserve
Strategy kept its crypto-buying streak alive last week, picking up more bitcoin while also padding its cash cushion to $300 million.
Strategy, the software-turned-bitcoin-treasury company formerly known as MicroStrategy, has been on a relentless bitcoin-buying spree for years now — and last week was no different. The firm added roughly $35 million worth of bitcoin to its already massive holdings, doubling down on the bet that has come to define its entire corporate identity.
What's interesting this time around is that Strategy didn't just buy crypto — it also built up a $300 million cash reserve. That kind of balance-sheet discipline is worth noting, because critics have long argued the company is too all-in on a volatile asset with little financial cushion to absorb a serious downturn in bitcoin's price.
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For everyday investors watching from the sidelines, Strategy has essentially become a proxy bet on bitcoin without having to hold the cryptocurrency directly. When bitcoin goes up, Strategy's stock tends to follow. When bitcoin drops, well, you already know how that story goes. The dual move of buying bitcoin *and* stacking cash suggests the company may be trying to show it can walk and chew gum at the same time — aggressive on crypto, but not reckless with liquidity.
Whether this balancing act satisfies skeptics remains to be seen. Bitcoin's price swings can be brutal, and a $300 million cash buffer only goes so far when you're sitting on billions in crypto exposure. Still, for Strategy bulls, last week's moves look like a company that remains fully committed to its core thesis while quietly shoring up its defenses.
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