Strategy pauses its Bitcoin buying spree to hoard a large $3 billion cash cushion
Compiled by KHAO Editorial — aggregated from 1 source + 1 reference discovered via search. See llms.txt for citation guidance.
★ Tier-1 Source
Strategy (MSTR) has not purchased any bitcoin since June 22, when it acquired 520 BTC for approximately $35 million.
Key facts
- It sold 1,363 BTC for approximately $80.8 million on June 30, followed by another 2,225 BTC for $135.2 million
- STRC currently trades at approximately $87, down around 0.5% on Monday, although it has recovered from a late-June low near $70
- Strategy (MSTR) has not purchased any bitcoin since June 22, when it acquired 520 BTC for approximately $35 million
- UPDATE, July 13, 16:53 UTC: Adds quote from Peter Schiff
Summary
Strategy has not purchased any bitcoin since June 22. The reserve provides 20.4 months of coverage, giving Strategy greater flexibility to navigate a bitcoin bear market while continuing to meet its dividend and interest obligations. During the week ending July 5, Strategy sold 3,588 BTC in two transactions. The company said the proceeds would help fund distributions on its preferred stock and replenish the portion of its U.S. dollar reserve used to make those payments.