MicroStrategy Raises $335.5M, Buys Just 520 BTC While Cash Reserves Hit $1.4B
MSTR•MicroStrategy bought 520 Bitcoin for $35 million in the week of June 22 while raising $335.5 million via stock sales, lifting cash reserves to $1.4 billion. CryptoQuant warns its annualized dividend obligations have quadrupled to $1.2 billion as dollar reserves dropped 38% and unrealized Bitcoin losses reached $10.6 billion.
1. MicroStrategy Bolsters Cash Reserves
MicroStrategy purchased just 520 Bitcoin for about $35 million in the week of June 22, while issuing $335.5 million of common stock and allocating $300 million to its cash reserve, which now stands at roughly $1.4 billion.
2. Quadrupled Dividend Obligations Strain Liquidity
CryptoQuant highlighted that MicroStrategy’s annualized dividend obligations have nearly quadrupled to $1.2 billion for 2026 as U.S. dollar reserves have dropped 38% year to date, raising concerns about its ability to meet future payouts.
3. Unrealized Bitcoin Losses Highlight Risks
With Bitcoin trading below MicroStrategy’s average cost of about $75,000, selling digital assets to rebuild liquidity would realize an estimated $10.6 billion unrealized loss, underscoring the tension between its treasury strategy and balance sheet stability.
