Strategy Buys 520 More Bitcoin, USD Reserve Hits $1.4B
Michael Saylor's Strategy expanded its Bitcoin stash and cash reserve through fresh stock sales, doubling down on its crypto-first playbook.
Michael Saylor's company Strategy just made another move that should surprise absolutely no one: it bought more Bitcoin. The firm picked up 520 BTC and pushed its USD Reserve up to a hefty $1.4 billion, funded by selling $335.5 million worth of MSTR shares. If you've been watching Strategy for any length of time, this is basically their signature move — sell stock, stack sats, repeat.
For folks unfamiliar with the mechanics here, a "USD Reserve" is essentially a cash-and-liquid-assets cushion the company holds. Bumping that up to $1.4 billion gives Strategy more dry powder to keep buying Bitcoin whenever the price dips — or climbs — or does literally anything. It's a war chest designed specifically for one purpose: accumulating more BTC.
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The funding mechanism is worth paying attention to. Strategy raised the capital by selling shares of its own stock (ticker: MSTR), which means existing shareholders get a little diluted every time this happens. That's the trade-off investors in the company have knowingly signed up for — you're not really buying a software company when you buy MSTR, you're buying a leveraged Bitcoin bet wrapped in a corporate structure.
This latest purchase adds to what is already one of the largest corporate Bitcoin holdings in the world. Saylor has been remarkably consistent in his conviction that Bitcoin is the superior treasury reserve asset, and Strategy's balance sheet reflects that belief more than any other public company on the planet. Whether you think that's genius or recklessness probably depends on where you think BTC is headed next.
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