Michael Saylor’s Strategy added $467 million in cash, made no changes to bitcoin holdings
MicroStrategy reported adding $467 million in cash to its reserves while maintaining its current bitcoin holdings of 843,775 BTC. The company's stock price saw a pre-market decline as the broader cryptocurrency market faced downward pressure.
Why it matters
MicroStrategy's massive bitcoin treasury makes it a bellwether for institutional crypto investment strategies.
The company maintains the reserve to support dividend payments on its preferred stock and interest payments on its outstanding debt.
Strategy made no bitcoin purchases (or sales), leaving its holdings unchanged at 843,775 BTC.
The company acquired its bitcoin for an aggregate purchase price of approximately $63.69 billion, including fees and expenses, at an average price of $75,476 per bitcoin.
MSTR shares are 3% down pre-market as bitcoin fell through the weekend to its current price of $62,800.
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