Michael Saylor’s Strategy acquired 520 Bitcoin for $35 million last week, bringing its total holdings to 847,363 BTC (worth about $54.8 billion), while raising $335.5 million via at-the-market common stock issuance. The firm also boosted its USD reserve by $300 million to $1.4 billion to support its preferred stock dividends.
Over the week ended June 21, Strategy purchased 520 BTC for $34.9 million, marking its smallest weekly acquisition since selling 32 BTC three weeks earlier. The total Bitcoin treasury now stands at 847,363 BTC, valued at approximately $54.8 billion.
Strategy raised $335.5 million through its at-the-market offering of common shares, but allocated under 11% of those proceeds to new Bitcoin purchases. The remaining funds were directed to strengthen liquidity and support preferred stock obligations.
The company increased its USD reserve by $300 million to $1.4 billion, the third consecutive weekly rise, aiming to back dividend payments on its variable-rate preferred securities and cover interest on debt.
Strategy’s preferred stock, offering an 11.5–12.5% annual dividend, has traded 17% below its $100 par value, eroding its cheapfinancing engine. Analysts warn that sustained under-par trading could impair the firm’s ability to fund future Bitcoin acquisitions via preferred issuance.
Finance
