MicroStrategy Pauses Bitcoin Purchases, Allocates $300M to Cash, Buffers Reach $1.4B
MSTR•MicroStrategy paused Bitcoin buys the week of June 22, acquiring 520 BTC and directing $300 million from a $335.5 million share sale into cash reserves. Its cash buffer reached $1.4 billion while dividend obligations swelled to $1.2 billion, preferred shares fell to $82.50 and unrealized BTC losses hit $10.6 billion.
1. Bitcoin Purchase Pause and Cash Allocation
In the week of June 22, MicroStrategy acquired only 520 BTC, routing the bulk of proceeds from a $335.5 million share sale—$300 million—into its US dollar reserve rather than fresh digital assets.
2. Cash Buffer and Dividend Liabilities
The redeployment lifted MicroStrategy’s cash buffer to $1.4 billion even as its annualized dividend obligations surged to $1.2 billion for 2026, narrowing its payout coverage.
3. Preferred Stock Pressure and Unrealized Loss
Preferred shares slid to a record low of $82.50, and the firm now carries an unrealized Bitcoin loss of $10.6 billion, reflecting its average BTC purchase cost near $75,000.
