MicroStrategy Cash Reserves Fall 38% to $1.4B While Dividend Obligations Hit $1.2B
MSTR•CryptoQuant warned MicroStrategy to pause Bitcoin purchases as its annualized dividend obligations nearly quadrupled to $1.2 billion while cash reserves have fallen 38% to about $1.4 billion. However, the company had already shifted capital into cash weeks earlier, selling $335.5 million in stock and buying only 520 Bitcoin.
1. Analytics Firm’s Recommendation and Company Response
An analytics firm recommended MicroStrategy pause Bitcoin acquisitions and rebuild cash reserves, but the company had already redirected new capital to cash weeks earlier.
2. Surge in Dividend Obligations
MicroStrategy’s annualized dividend liabilities have risen nearly fourfold to $1.2 billion for 2026, intensifying pressure on its cash flows and coverage ratios.
3. Declining Cash Reserves
Available cash has decreased by 38% to approximately $1.4 billion following a $1.5 billion convertible note buyback and ongoing treasury management activity.
4. Recent Capital Allocation and Bitcoin Purchases
In the week of June 22, MicroStrategy purchased 520 Bitcoin for roughly $35 million while raising $335.5 million through stock issuance and allocating $300 million to bolster its cash reserve.
