MicroStrategy Raises $300M Cash Reserve, Pauses Bitcoin Buys as Crypto Market Drops 2.65%
MSTR•MSTR•MSTR•MSTR•MicroStrategy halted Bitcoin purchases over the past two weeks, raising $300m from stock sales to bolster its $1.4bn cash reserve after a $1.5bn convertible note buyback. A 2.65% crypto market drop pulled Bitcoin under key technical levels, intensifying pressure on the company’s $10.6bn unrealized loss.
MicroStrategy halted Bitcoin purchases over two weeks, raising $335.5m from common stock sales and directing $300m into its cash reserve after a $1.5bn convertible note buyback. Its annual dividend obligations climbed to $1.2bn for 2026, while its US dollar buffer shrank by 38%.
A 2.65% decline in total crypto market cap to $2.12tn and a 2.21% Nasdaq selloff pushed Bitcoin below all key exponential moving averages at $62,447. This technical breakdown heightens risks for MicroStrategy, which now sits on a $10.6bn unrealized Bitcoin loss.
