Strategy Inc. (formerly MicroStrategy) disclosed on Monday that it purchased 520 bitcoin for approximately $34.9 million at an average price of $67,068 per coin over the past week. The company also added $300 million to its U.S. dollar cash reserves, bringing total cash holdings to $1.4 billion.
The move was part of a broader capital management strategy executed through its at‑the‑market share offering program, which raised $335.5 million from the sale of roughly 2.7 million MSTR shares. The fresh cash injection is intended to safeguard dividend payments on Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), which had plunged to a record low below $83 last Thursday amid investor anxiety. The stock, with a par value of $100, rebounded to around $90.43 by Monday morning after rising 2%, indicating that market fears had partially subsided.
Strategy’s total bitcoin stack now stands at 847,363 BTC, acquired at an aggregate cost of nearly $64 billion. Executive Chairman Michael Saylor confirmed the transactions via social media, emphasizing the dual-asset treasury model. Benchmark analyst Mark Palmer reiterated a Buy rating and $570 price target on MSTR, while Cantor Fitzgerald has been maintaining an Overweight stance since a previous bitcoin buy.
The combination of a continued bitcoin accumulation and a strengthened liquidity position sent MSTR shares up 3.5% on Monday, trading near $112.53, though still down about 14% for the week. Bitcoin itself was trading just below $65,000, recovering from a recent dip, which also helped lift sentiment around Strategy’s holdings.
