Michael Saylor’s Strategy has expanded its Bitcoin holdings once again after purchasing another $100 million worth of BTC. The announcement helped push MSTR stock almost 7% higher during pre-market trading.
At the same time, the company increased its U.S. dollar reserves to $1.1 billion. However, some investors raised concerns after Strategy disclosed a stock sale worth more than $209 million.
Strategy Purchases Another 1,587 Bitcoin
Michael Saylor announced on X that Strategy acquired 1,587 Bitcoin for approximately $100 million.
The company paid an average price of $63,024 per Bitcoin. Following the latest purchase, Strategy’s total holdings increased to 846,842 BTC.
The company’s Bitcoin portfolio is now valued at more than $50 billion, strengthening its position as the largest corporate holder of the cryptocurrency.
The acquisition also marked Strategy’s second consecutive week of Bitcoin purchases. During the previous week, the company bought approximately $101 million worth of BTC.
Michael Saylor Signals Continued Bitcoin Accumulation
The latest purchase was widely expected after Michael Saylor posted another hint on Sunday.
Saylor said Strategy was “still adding dots,” referring to the company’s well-known Orange Dots chart. The chart tracks Strategy’s Bitcoin purchases over time.
His message suggested that the company had completed another acquisition before the official announcement was released.
Strategy has continued to accumulate Bitcoin despite recent volatility across the cryptocurrency market. The company remains committed to using BTC as its primary treasury reserve asset.
Strategy Increases Cash Reserves to $1.1 Billion
Alongside the latest Bitcoin purchase, Strategy also added $100 million to its U.S. dollar reserves.
According to the company’s regulatory filing, its total cash reserve has now increased to approximately $1.1 billion.
The larger reserve could help Strategy meet dividend obligations connected to its STRC preferred stock. The company recently announced that STRC dividends would be distributed twice each month.
Maintaining a larger cash position could provide Strategy with greater financial flexibility. It may also reduce concerns about the company’s ability to meet short-term payment obligations while continuing to expand its Bitcoin holdings.
MSTR Stock Jumps After Bitcoin Announcement
Strategy shares reacted positively to the latest Bitcoin acquisition.
MSTR stock climbed approximately 6.5% to around $132 during pre-market trading. The rally reflected renewed investor optimism surrounding Strategy’s aggressive Bitcoin strategy.
The company’s shares often move in the same direction as Bitcoin. Therefore, announcements involving additional BTC purchases can quickly influence investor sentiment toward MSTR stock.
However, the positive reaction was accompanied by fresh concerns about shareholder dilution.
Strategy Sells More Than $209 Million in MSTR Stock
Strategy disclosed that it sold 1,732,553 shares of MSTR stock during the previous week.
The sale generated more than $209 million in proceeds. Part of the money may have been used to finance the latest Bitcoin acquisition, while the remaining amount may have supported the company’s growing cash reserve.
Some shareholders have criticized Strategy for issuing and selling additional shares to fund Bitcoin purchases.
They argue that repeated stock sales can dilute the ownership percentage of existing investors. As more shares enter circulation, each existing share represents a smaller portion of the company.
Michael Saylor has rejected claims that Strategy’s financing model unfairly harms MSTR shareholders. He has continued to defend the company’s capital-raising strategy as a method of increasing Bitcoin exposure over time.
Strategy Faces Criticism Over Bitcoin and Stock Sales
The company has recently faced additional criticism after selling 32 Bitcoin several weeks ago.
Although the sale represented only a small portion of Strategy’s total holdings, it attracted attention because the company has repeatedly promoted a long-term Bitcoin accumulation strategy.
Despite the controversy, Strategy quickly returned to buying BTC. Its latest $100 million purchase reinforces the company’s commitment to expanding its Bitcoin treasury.
Investors will now closely monitor future MSTR stock sales, Bitcoin acquisitions and changes to Strategy’s cash position.
