MicroStrategy, the business intelligence firm led by Michael Saylor, has significantly strengthened its balance sheet, according to a newly filed SEC Form 8-K dated December 22, 2025. The disclosure reveals the company increased its U.S. dollar reserves by $748 million, bringing its total cash and cash equivalents to $2.19 billion.
Concurrently, the filing confirms MicroStrategy's Bitcoin holdings remain at 671,268 BTC, solidifying its position as the largest publicly traded corporate holder of the cryptocurrency. This dual-track approach highlights a strategy of maintaining substantial liquidity for operational flexibility and near-term stability while treating Bitcoin as a long-duration reserve asset.
The scale of the accumulation is underscored by current market valuations. With Bitcoin trading around $90,221 at the time of the announcement, MicroStrategy's treasury is valued at approximately $60.6 billion. The company reported strong performance metrics, with a year-to-date Bitcoin yield of 24.9%, adding 111,322 BTC, and full-year 2024 gains of 140,631 BTC, reflecting a 74.3% annual yield. In dollar terms, these gains amounted to roughly $9.38 billion year-to-date and $13.13 billion for 2024.
Michael Saylor publicly announced the update on social media, stating: "MicroStrategy has increased its USD Reserve by $748 million and now holds $2.19 billion and ₿671,268." The formal SEC filing indicates the company is not reducing its Bitcoin exposure but is instead reinforcing its balance sheet, positioning itself to potentially deploy capital rapidly if favorable market conditions arise.
The announcement comes as Bitcoin trades in a relatively tight range near the $90,000 level. Market analysts view continued accumulation by large, committed holders like MicroStrategy as a signal of confidence, particularly during periods of price consolidation. The move further cements the narrative of institutional adoption, with MicroStrategy serving as a reference point for how corporations can integrate Bitcoin at scale into their treasury management strategies.
