Overview
- On Monday Strategy disclosed it bought 520 BTC for about $35 million and sold roughly 2.71 million MSTR shares to raise $335.5 million, allocating about $35 million to the coin purchase and $300 million to the USD Reserve.
- The transaction brings Strategy’s total holdings to 847,363 BTC and continues a three‑week accumulation streak that the company reports in routine Monday filings.
- Strategy’s USD Reserve now stands at $1.4 billion, a designated liquidity buffer first set up in December 2025 to help cover semi‑monthly dividends on its Series A preferreds (STRC) and support credit quality for its digital credit securities.
- The company funds buys mainly through at‑the‑market common‑stock sales, preferred issuances and debt rather than software revenue, and analysts including JPMorgan warn the model depends on uninterrupted access to capital markets and could force dilution or sales if funding tightens.
- Markets reacted positively to the filings with MSTR up about 3–4% and STRC recovering from recent lows, and Executive Chairman Michael Saylor telegraphed the update on X before the formal SEC disclosure.