Strategy Pads Cash Reserve, Drops Another $116 Million on Bitcoin
Strategy reaffirmed that Bitcoin is not its sole focus for 2026, despite purchasing another $116 million worth to start the year. The company now holds about 673,800 Bitcoin valued at $62.8 billion, and its USD Reserve has grown to $2.25 billion, funded mainly through common stock issuance. The USD Reserve was established to pre-fund cash dividends for preferred stock tranches. In recent weeks, Strategy has relied on issuing common stock rather than preferred shares for funding and hasn’t tapped certain financial products. The stock price rose 4% to $163, recovering slightly after a 49% drop last year, amid concern over potential MSCI index delisting. Strategy has urged index managers not to exclude Bitcoin-buying firms, as analysts warn such a move could trigger large outflows. The firm’s Bitcoin acquisitions accelerated to 22,600 coins last month. However, the metric of Bitcoin owned per share has stagnated, as issuing more stock becomes less effective for boosting this figure. Bitcoin traded at $93,847 on Monday, up 7.2% for the week but down 23% in the past quarter.
