Strategy expanded its bitcoin position while building its cash buffer last week

Strategy (MSTR), the largest publicly traded corporate holder of bitcoin, increased both its bitcoin position and cash balance around the turn of the year, funding the moves through the sale of common shares.

The Michael Saylor-led company purchased 1,287 bitcoin for slightly more than $116 million, paying an average price of about $90,000 per coin. Total holdings now stand at 673,783 bitcoin, acquired for $50.55 billion at an average cost of $75,026 per bitcoin.

Over the same period, Strategy added $62 million to its cash reserves, bringing total cash on hand to $2.25 billion.

The company said the expanded cash buffer is earmarked for dividend payments tied to its perpetual preferred equity. At current levels, Strategy has enough liquidity to fund roughly 32.5 months of dividend obligations, according to company disclosures.

Strategy also reported $17.44 billion in unrealized losses on its bitcoin holdings in the fourth quarter, reflecting the cryptocurrency’s slide from near $120,000 in early October to about $88,000 at the end of 2025.

Shares of Strategy rose 4.5% in premarket trading, moving higher alongside a weekend recovery in bitcoin prices to around $92,900.