Hassan Maishera
TL;DR
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Strategy sold more common stock last week, using the proceeds to add a relatively small amount of bitcoin and $300 million in cash to its balance sheet.
Equity Sale Funds Modest BTC Purchase and Strengthens Balance Sheet
Michael Saylor’s Strategy (MSTR) has once again tapped its equity markets, selling additional common stock last week to raise $335.5 million, according to a Monday filing.
The proceeds were split between a small Bitcoin acquisition and a significant boost to the company’s cash reserves, signaling a continued balancing act between crypto accumulation and liquidity management.
Out of the total funds raised, roughly $35 million was used to purchase 520 Bitcoin at an average price of $67,068 per coin.
The acquisition brings Strategy’s total holdings to 847,363 BTC, cementing its position as the largest corporate Bitcoin holder. The company says it has accumulated these assets at a total cost of approximately $64.01 billion, reflecting an average purchase price of about $75,651 per Bitcoin.
While the latest buy is relatively small compared to previous accumulation phases, it continues Strategy’s long-standing strategy of using capital markets activity to incrementally expand its Bitcoin position.
$300 Million Added to Cash Reserves
The majority of the proceeds—around $300 million—was allocated to cash holdings, bringing Strategy’s total cash reserves to approximately $1.4 billion.
The increased liquidity is intended to support dividend obligations tied to the company’s high-yield preferred stock, STRC, which has recently come under investor scrutiny.
Investor anxiety around STRC intensified in recent weeks, with concerns about the sustainability of its yield structure contributing to volatility in the stock.
Those worries culminated in a sharp selloff on Thursday, when STRC briefly fell below $83, marking a record low before recovering into the close.
By Monday, the stock had rebounded modestly, trading around $90.43—still well below its $100 par value, which had been a key psychological target for Michael Saylor’s capital structure strategy.
Bitcoin’s price has now dipped below $63,000 after losing nearly 2% of its value in the last 24 hours.
