As Part of Strategy, U.S. Dollar Reserve Increased by $525 Million, Resulting in Dividend Coverage Ratio Rising to 2.1 Years

cryptonews.ruPubblicato 2026-07-27Pubblicato ultima volta 2026-07-27

Introduzione

MicroStrategy's US dollar reserve increased by $525 million, boosting its dividend and interest coverage ratio to 2.1 years. The company's holdings of 843,775 BTC, acquired for an average of $75,476 per coin, remained unchanged during the reported week, with the reserve's market value at $54.36 billion representing an unrealized loss. The firm also repurchased $25 million worth of its Series C preferred stock. To build the reserve, MicroStrategy sold 5.43 million shares of its common stock, generating $544.5 million in net proceeds. The company highlighted that the bolstered reserve extends the period for dividend payments without needing to sell Bitcoin, and the unchanged BTC position signals a commitment to its strategy despite price volatility.

The company reported that the reserve now covers 2.1 years of dividend payments and interest on outstanding preferred shares and debt obligations.

Executive Chairman Michael Saylor confirmed this information on X, writing that Strategy increased its U.S. dollar reserve by $525 million, "providing 2.1 years of dividend coverage." He added that the company holds 843,775 $BTC in its bitcoin reserve alongside a cash buffer of $3.75 billion.

Bitcoin Asset Holdings Remain Stable

According to the report, there were no new bitcoin purchases during the week of July 20-26. Strategy's total asset holdings remained unchanged at 843,775 $BTC, acquired for a total of $63.69 billion at an average cost of $75,476 per coin.

According to a chart from Strategytracker.com, posted by Saylor, the market value of the reserve as of July 26 was $54.36 billion, approximately 14.84% below the average cost basis, representing a paper loss of about $9.47 billion at current prices.

Saylor Hinted at This Move a Day Before Announcement

On Sunday, Saylor posted "We're going to need another color" along with the same tracker chart, hinting at the growing marks for bitcoin purchases on the chart. This post appeared 23 hours before the reserve announcement on Monday.

Preferred Share Buyback Continues

During the week, Strategy bought back 288,930 STRC preferred shares for $25 million. No STRF, $STRK, or STRD shares were bought back.

The company reported that $975 million remains available under the Digital Credit Security Purchase Program, first announced on June 29. Additionally, $1 billion remains available under the MSTR common stock buyback program, although no common shares were bought back this week.

Share Sale to Replenish Reserve

Strategy sold 5,429,160 shares of MSTR common stock under its at-the-market program, generating net proceeds of $544.5 million. No preferred shares were sold under the at-the-market program during this period.

The remaining limit under the at-the-market program was $1.62 billion for STRF, $17.51 billion for STRC, $2.10 billion for $STRK, $4.01 billion for STRD, and $22.98 billion for MSTR common stock.

What This Means for Investors

For Strategy's preferred shareholders, the increased reserve extends the period of dividend payments without needing to resort to new bitcoin sales. The unchanged bitcoin asset holdings, despite the unrealized loss shown on the tracker chart, indicate the company is not adjusting its position in response to price fluctuations.

The document was signed by Thomas C. Chow, Executive Vice President and General Counsel of Strategy, and filed pursuant to Section 7.01 of the Exchange Act.

Domande pertinenti

QWhat was the key outcome of MicroStrategy's recent increase in its US dollar reserve, and by how much did it grow?

AMicroStrategy increased its US dollar reserve by $525 million, which boosted its dividend coverage ratio to 2.1 years for its preferred stock and debt obligations.

QWhat is the current status of MicroStrategy's Bitcoin holdings in terms of quantity and cost basis, according to the report?

AMicroStrategy's Bitcoin holdings remain stable at 843,775 BTC, acquired at a total cost of $63.69 billion, with an average purchase price of $75,476 per coin.

QWhat action did MicroStrategy take regarding its stock during the reported week, and what was the financial result?

AMicroStrategy sold 5,429,160 shares of its MSTR common stock under its 'at-the-market' program, generating net proceeds of $544.5 million to replenish its reserve.

QHow did Executive Chairman Michael Saylor hint at the company's upcoming announcement before it was made public?

AMichael Saylor hinted at the announcement by posting 'We're going to need another color' along with the company's Bitcoin purchase tracker chart on X, 23 hours before the official reserve update.

QWhat is the significance for preferred stockholders of MicroStrategy increasing its dollar reserve, as mentioned in the article's conclusion?

AFor preferred stockholders, the increased dollar reserve extends the period the company can cover dividend payments without having to sell any of its Bitcoin holdings, despite current paper losses on the BTC position.

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