Strategy has increased its cash reserves by $300 m
#World Cup Predictions: 100,000 USDT Daily #HTX Invites You to Share 600K USDT in Gift Packs #BTC Prophet: 20-Day 380 Million HTX Challenge Strategy has increased its cash reserves by $300 million while adding 520 Bitcoin worth roughly $35 million, highlighting a growing focus on liquidity alongside continued cryptocurrency purchases.
Summary
Strategy bought 520 Bitcoin for $35 million, raising its total holdings to 847,363 BTC.
A June 22 filing showed the company increased cash reserves by $300 million to $1.4 billion.
Debate over STRC intensified as critics questioned Strategy’s capital structure despite Saylor’s defense.
According to a June 22 filing, the company acquired 520 Bitcoin at an average price of $67,068 per coin, bringing its total holdings to 847,363 BTC.
The purchase followed a familiar signal from Executive Chairman Michael Saylor, who posted “Looks better with more dots” on X a day earlier alongside Strategy’s Bitcoin acquisition chart, a graphic that traders closely watch for clues about upcoming purchases.
Although the latest acquisition extended Strategy’s accumulation streak, the filing showed a much larger movement elsewhere on the balance sheet. Cash reserves increased by $300 million to $1.4 billion after the company sold 2.71 million MSTR shares for approximately $335.5 million during the previous week.
Cash reserves take center stage
In the filing, Strategy said it plans to continue replenishing its USD Reserve to support the credit quality of its Digital Credit securities. The disclosure arrived as investors remain focused on STRC, the company’s preferred stock, which recently traded well below its $100 par value.
Only a small portion of the proceeds raised from the MSTR share sale appears to have been directed toward the latest Bitcoin purchase. The remainder was largely retained as cash, a move that has fueled discussion among market participants about whether supporting STRC has become a more im
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