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Strategy Lifts Cash Reserve to $2.19 Billion, Pauses Bitcoin Buying

An equity-funded cash buffer earmarked for preferred obligations now provides roughly 32 months of runway.

Strategy increases USD reserve fund to $2.19B - Enough to clear ‘insolvency FUD?'
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Saylor’s green dots deliver again as strategy boosts usd reserve to $2.19b
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Overview

  • An SEC filing shows Strategy sold about 4.5 million common shares for $747.8 million in net proceeds, raising its U.S. dollar reserve to roughly $2.19 billion with no preferred stock issued.
  • The company made no bitcoin purchases for the week ending Dec. 21, keeping holdings at 671,268 BTC, or about 3.2% of supply, acquired at an average cost of $74,972 per coin.
  • Management says bitcoin would be sold only if modified NAV falls below 1.0 and access to capital markets is lost, with the current mNAV reported near 0.93.
  • MSCI is consulting on excluding companies with large digital-asset treasuries from major indexes, a pending decision that analysts estimate could trigger significant passive outflows.
  • Strategy reports more than $41 billion in remaining equity issuance capacity, while MSTR shares are down over 40% this year despite bitcoin trading near $90,000.