Strategy Buys 1,550 Bitcoin for $101M, Boosts Cash Reserves to $1B
STRC•Strategy purchased 1,550 Bitcoin for $101 million, bringing its total holdings to 845,256 BTC valued at about $53.3 billion with Bitcoin trading around $63,000. The firm’s shares jumped 3.4% after the purchase as it boosted cash reserves to $1 billion to support dividend payments and debt obligations.
1. Bitcoin Acquisition Details
Strategy acquired 1,550 Bitcoin for $101 million, raising its total holdings to 845,256 BTC valued at roughly $53.3 billion based on current prices near $63,000 per coin.
2. Stock Performance and Market Reaction
Following the purchase, shares rose 3.4% above $124 as investors responded to the firm’s swift move back into accumulating Bitcoin after its largest weekly decline since November 2022.
3. Cash Reserves and Dividend Strategy
The company increased its cash reserves to $1 billion to ensure dividend payments and manage debt, having sold a small tranche of 32 Bitcoin for $2.5 million prior to the latest purchase.
