Michael Saylor · Strategy · Federal Reserve (FED) · Bitcoin · NewsBTC
Strategy Launches $300 Million To USD Reserve As Saylor Logs 520 BTC Buy
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Key facts
- Strategy has increased its USD Reserve by $300 million to $1.4 billion and plans to continue replenishing it to support the credit quality of its Digital Credit securities
- In a post on X, Saylor said Strategy had increased its USD Reserve by $300 million to $1.4 billion and planned to continue replenishing it to support the credit quality of its Digital Credit
- Bitcoin was trading around $65,100 at the time of writing, up on the day after an intraday low near $63,226
- A 520 BTC addition still matters, but the reserve increase gives the update a more defensive tone
Summary
Strategy has added more Bitcoin to its treasury, but the bigger signal in Michael Saylor’s latest update may be the company’s decision to keep building a larger dollar reserve alongside its BTC position. Strategy has increased its USD Reserve by $300 million to $1.4 billion and plans to continue replenishing it to support the credit quality of its Digital Credit securities. Michael Saylor said Strategy acquired another 520 BTC for about $35 million. The company’s Bitcoin reserve now stands at 847,363 BTC, according to the post.