Increasing cash reserves aims to reassure investors regarding dividend payouts for the company's struggling preferred shares, STRC.
By James Van Straten|Edited by Stephen Alpher Jun 22, 2026, 12:39 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- Strategy purchased 520 bitcoin last week for about $34.9 million, increasing its total holdings to 847,363 BTC.
- The firm also augmented its cash reserves by $300 million, raising the total to $1.4 billion.
- Both actions were financed through the sale of common stock.
Michael Saylor and his beleaguered company, Strategy (MSTR), sold additional common stock last week, utilizing the resulting funds to acquire a modest amount of bitcoin and to bolster cash reserves by $300 million.
Approximately 2.7 million shares of MSTR were sold, as detailed in a Monday morning filing, generating $335.5 million. Roughly $35 million of this was allocated for the purchase of 520 bitcoin at an average price of $67,068 per coin. The remaining $300 million was added to existing cash reserves, bringing the total to $1.4 billion.
With this latest acquisition, Strategy's total bitcoin holdings now stand at 847,363 BTC, acquired at a cumulative cost of about $64.01 billion, equating to an average price of $75.651 per bitcoin.
The increase in cash reserves is designed to support dividend payments on the company's high-yield preferred stock, STRC. Recently, investors have expressed concerns regarding the stability of STRC, leading to significant selling pressure on Thursday that pushed the price to an all-time low below $83. However, shares rebounded by the end of the day and are up another 2% on Monday morning to $90.43, though this remains considerably lower than the par value of $100, which Saylor had aimed to stabilize.
On Monday, the company's common stock, MSTR, rose by 3.5% as bitcoin approached $65,000.
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CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
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