Strategy Boosts Treasury With $35M Bitcoin Buy, Holds $300M Cash Buffer

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The increase in cash reserves is aimed at reassuring investors about the company’s ability to continue dividend payouts on its under-pressure preferred shares, STRC.

Michael Saylor’s Strategy (MSTR), which has been facing mounting challenges, sold additional common stock last week. The proceeds were used to purchase a modest amount of bitcoin while significantly boosting its cash position by $300 million.

According to a Monday filing, the company sold roughly 2.7 million MSTR shares, generating $335.5 million. Of that total, approximately $35 million was allocated to buying 520 bitcoin at an average price of $67,068 per coin. The remaining $300 million was added to existing cash reserves, increasing the total to $1.4 billion.

With this latest purchase, Strategy’s total bitcoin holdings have reached 847,363 BTC, acquired for about $64.01 billion in total, translating to an average cost basis of $75,651 per bitcoin.

The capital raise is primarily intended to support dividend payments on STRC, the company’s high-yield preferred stock. Investor concerns over the security of these payments have intensified in recent weeks, culminating in a sharp sell-off on Thursday that pushed the share price below $83, marking a record low. The stock later recovered by the close and gained a further 2% on Monday morning to $90.43, though it remains well below its $100 par value — a level Saylor had hoped to stabilize.

Meanwhile, the company’s common shares (MSTR) rose 3.5% on Monday, tracking bitcoin’s rebound toward the $65,000 level.