Michael Saylor · Strategy · Bitcoin · Federal Reserve (FED) · 99Bitcoins
The prior week, Strategy had picked up 1,587 BTC but still directed most of its fresh capital toward cash
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
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., Strategy June 22, 2026.
Key facts
- In the week ending June 22, the company bought 520 Bitcoin for approximately $35 million, a fraction of its historical pace, while simultaneously raising $335.5 million through common stock sales
- Bitcoin’s spot price hovered near $62,534 on the day of the report, down about 2.5%, keeping the entire treasury underwater relative to Strategy’s average acquisition cost of roughly $75,000 per coin
- 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
- Strategy’s official statement made the priority explicit: “Strategy has increased its USD Reserve by $300 million to $1.4 billion and plans to continue replenishing it to support the credit quality
Summary
On June 23, CryptoQuant research analyst Julio Moreno issued a pointed recommendation: MicroStrategy (ticker: MSTR) should stop buying Bitcoin and rebuild its cash buffer before its preferred stock collapses further. Moreno’s case is built on hard numbers. The stress is visible in STRC, Strategy’s variable-rate preferred stock that was marketed as a stable instrument near its $100 par value. — Julio Moreno June 23, 2026. “The company’s strategic priority should be to pause Bitcoin purchases and rebuild its cash reserve,” Moreno said.