Strategy Builds $1.1B Cash Reserve, Buys 1,587 Bitcoin for $100M
STRC•Strategy’s USD Reserve rose to $1.1 billion, up from $871 million last month, marking a second straight week of cash buildup to support dividends and debt obligations. The firm also purchased 1,587 Bitcoin for $100 million at an average of $63,024, lifting total holdings to 846,842 BTC worth $56.3 billion.
1. Cash Reserve Growth
Strategy boosted its USD Reserve to $1.1 billion, up from $871 million a month earlier, marking a second consecutive week of cash accumulation. The growing liquidity underpins its ability to pay the 11.5% preferred dividend and manage its convertible debt obligations without selling Bitcoin.
2. Bitcoin Purchase Details
Last week’s acquisition of 1,587 Bitcoin for $100 million at an average price of $63,024 increased the firm’s total holdings to 846,842 BTC. Despite this purchase being smaller than earlier multibillion-dollar buys, it reflects continued commitment to accumulation even as Bitcoin trades below Strategy’s average cost.
3. Issuance Capacity and Risk Metrics
Strategy retains about $25.7 billion of common‐stock issuance capacity under its at-the-market program, having made no preferred share issues. Executive Chairman Michael Saylor also introduced a refined metric, CEBE BPS, to measure Bitcoin per share after accounting for senior claims, highlighting a tighter focus on liabilities.
