Michael Saylor: Strategy's Bitcoin Reserves Exceed Debt by Approximately $48 Billion Compared to USD

On June 20, Michael Saylor, founder of Strategy, stated on social media that he gave a speech in October 2022 when Bitcoin's price was close to $20,000. At that time, Strategy held 130,000 BTC, valued at approximately $2.6 billion, while MSTR was around $24 after stock adjustments. A few weeks later, Bitcoin fell below $16,000, and Strategy's total debt exceeded the combined value of its Bitcoin and cash reserves by about $300 million, with MSTR's stock price dropping to around $13 by the end of the year. Strategy has remained focused, strengthening its fundamentals and continuously executing its established strategy. Since then, Strategy has raised over $60 billion, all of which has been used to increase its Bitcoin holdings, adding over 716,000 BTC. Currently, Strategy's Bitcoin and USD reserves exceed its debt by approximately $48 billion. Saylor expressed gratitude to all who believe in Strategy, remain supportive, and take a long-term perspective. Previously reported, Strategy's variable-rate perpetual preferred stock STRC has severely decoupled, hitting a recent low of $88.62 at the end of this week. The company claimed that 'selling coins can pay 32 years of dividends' in an attempt to stabilize the market. STRC is the preferred stock that Strategy uses to raise funds for buying Bitcoin, with a face value roughly pegged at $100, offering higher dividends that adjust based on price conditions, aiming to keep it as close to face value trading as possible.