Breaking: Michael Saylor’s Strategy Buys $35M In Bitcoin, Boosts USD Reserve By $300M
Highlights
- Michael Saylor announced that Strategy has acquired another $35 million worth of Bitcoin.
- The company also expanded its USD reserve by $300 billion.
- However, the Bitcoin acquisition and cash reserve increase was fueled by selling MSTR shares, which led to criticism.
Michael Saylor-led Strategy has bought more Bitcoin this week. However, according to documents, the company’s primary focus seems to be on increasing its USD reserves.
Michael Saylor Announces $35M Bitcoin Buy For Strategy
On Monday, June 22, Michael Saylor revealed that they acquired 520 BTC for about $35 million after his cryptic post on Sunday. This purchase was completed at an average cost of $67,068 per BTC. Moreover, the company’s Bitcoin reserve now holds 847,363 BTC. However, the acquisition is relatively smaller than last week’s $100 million BTC buy.
Strategy has increased its USD Reserve by $300 million to $1.4 billion and plans to continue replenishing it to support the credit quality of its Digital Credit securities. We also acquired 520 BTC for $35 million, increasing our $BTC Reserve to ₿847,363. $MSTR $STRC…
— Michael Saylor (@saylor) June 22, 2026
Meanwhile, the latest 8K filing shows that it has boosted its USD Reserve by $300 million to $1.4 billion. The surge in cash reserves comes owing to “plans to continue replenishing it to support the credit quality of its Digital Credit securities.” This suggests that the company could use these proceeds to get STRC back to par after it fell below $83 last week.
Experts expect Strategy to increase the rate of dividend for STRC to increase buying pressure and restore its $100 par value. On the other hand, the firm could consider stock buybacks.
The MSTR Stock Sale Saga
Nonetheless, the company is attracting massive criticism for selling a huge amount of the MSTR stock. For context, the disclosure shows that Strategy sold 2.71 million MSTR shares last week for $335.5 million.
Out of this, $35 million could have been channelized into buying the latest Bitcoin stash. The rest might have been poured into the cash reserves to support its STRC preferred stock.
However, despite the MSTR stock selloff, the company’s share price gained in the pre-market trading session today, potentially due to the Bitcoin acquisition streak. At press time, the MSTR stock soared 3.44% to $116.40 on Monday.
Meanwhile, recently, Strategy executives selling MSTR shares also led to backlash.
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