Strategy Acquires $35 Million in Bitcoin and Raises $300 Million Cash Reserves
Strategy added 520 bitcoin for approximately $34.9 million and raised cash reserves by $300 million to $1.4 billion, according to CoinDesk. These moves were financed through common stock sales, aiming to reassure investors about dividend payments on preferred shares amid market concerns.
Strategy, under CEO Michael Saylor, acquired 520 bitcoin last week at a cost of approximately $34.9 million, raising its total bitcoin holdings to 847,363 BTC. This latest purchase comes as the company also increased its cash reserves by $300 million, bringing the total to $1.4 billion.
The additions to cash and bitcoin were funded through the sale of common stock, with the company selling about 2.7 million shares of its MSTR stock, generating around $335.5 million in the process. Approximately $35 million of these proceeds went towards the recent bitcoin acquisition, with the company's average purchase price for bitcoin being $75.651 per coin.
The enhancement of cash reserves is aimed at reinforcing investor confidence concerning dividend payments on Strategy's preferred stock, STRC. Investors have recently expressed concerns about the stability of STRC, leading to significant selling pressure that temporarily drove its price below $83, a notable drop from its par value of $100.
Despite earlier panic selling, STRC shares have rebounded somewhat, currently trading at about $90.43. The common stock, MSTR, has also seen a 3.5% increase, as bitcoin's price hovers just below $65,000.
What to Watch
- Monitor the performance of STRC and MSTR in light of investor sentiment and market conditions.
- Keep an eye on how bitcoin prices evolve following this purchase and their impact on Strategy's financial stability.
- Look for updates regarding dividend payments on STRC and how they are received by investors.
Summary based on original reporting by James Van Straten at CoinDesk, originally published Jun 22, 2026. SolanaWire does not republish source content.
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