Strategy Adds $748M to Cash Reserves, Skips Bitcoin Buys
Strategy added $747.8 million to its cash reserves last week through the sale of 4.535 million shares of common stock, halting Bitcoin purchases to rebalance assets during a crypto downturn. Cash reserves now total $2.19 billion, while the company holds 671,268 Bitcoin, acquired at an average price of $74,972 per Bitcoin. Strategy’s latest purchase was 10,645 Bitcoin for $980.3 million at an average price of $92,098 per coin on Dec. 15. The company established a U.S. dollar reserve, initially set at $1.44 billion, to cover at least 12 months of dividends and interest, with plans to increase coverage to 24 months or more. Over the past 12 months, Strategy’s common stock has declined nearly 50%. Other companies adopting similar Bitcoin treasury strategies have also experienced significant share price declines amid the bear market. Metaplanet, with 30,823 Bitcoin, saw shares fall 75% in six months, while MARA Holdings, with 53,250 Bitcoin, is down about 38% in 2025. Bitcoin was trading at about $89,433, down 4.4% over 12 months.
