Strategy acquires additional Bitcoin, boosting cash reserves significantly
- Strategy (MSTR) purchased 1,550 bitcoin for approximately $101 million.
- This acquisition raised its total holdings to 845,256 BTC.
- The purchase follows a recent decline in Bitcoin price, which fell around 15% last week.
- Michael Saylor sold 32 bitcoin on June 1 before this acquisition.
- Strategy increased its U.S. dollar reserves by $100 million, totaling $1 billion in cash reserves.
- To fund these initiatives, the company issued $181 million of common stock.
The recent purchase of Bitcoin is notable as it marks the first buy since Saylor’s previous sale and enhances Strategy’s liquidity position amid fluctuating market conditions.
With this acquisition, Strategy has significantly bolstered its holdings and liquidity, now holding a total of 845,256 BTC and cash reserves of $1 billion.(Source)
