Strategy Buys More Bitcoin but Turns Attention to USD Reserve With $300M Injection

After hinting at buying more bitcoin on Sunday, Strategy’s co-founder and former CEO, Michael Saylor, announced on X minutes ago that the firm had acquired another 520 BTC for $35 million. Thus, its total holdings have grown to 847,363 units, currently valued at almost $55 billion.

What’s more interesting about this announcement is the fact that the NASDAQ-listed business intelligence software company increased its USD reserve a lot more than the BTC acquisition.

The Saylor-founded firm made two major bitcoin purchases in the past couple of weeks, both for around $100 million. It also increased its USD reserve by the same amount.

Now, though, the difference is quite significant, as the firm has spent almost 10 times more for its USD reserve than for its bitcoin acquisition.

Perhaps the reason for this is the growing online scrutiny of Strategy’s STRC. Also referred to as Stretch, these shares are supposed to trade at $100, provide a stable yield to investors, and raise funds to buy more BTC.

However, they have deviated from their par price in the past few weeks, going well below $90 at one point. This raised some eyebrows in the community, with some analysts speculating that the company might have to sell more than 50,000 BTC in the next few years to cover expenses and dividend payments.

The post Strategy Buys More Bitcoin but Turns Attention to USD Reserve With $300M Injection appeared first on CryptoPotato.

read the full story

Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highs

Bitcoin usage is surging despite weak prices, as Ordinals and Runes drive network activity while ETF…

Bitcoin nearly loses $59K as DXY surges: Are traders bracing for more pain?

Bitcoin drops toward new 2026 lows as spot BTC ETF outflows and slowing accumulation from Strategy…

XRP Is Down 50%, and a $785 Million Stablecoin May Be Part of the Problem

XRP (XRP) price has fallen 50% over the past year, even as activity on its network climbs toward…

'Painful' Bitcoin Sell-Off Drags Ethereum, XRP and Dogecoin Lower as Crypto Stocks Dive

Bitcoin's slide to its lowest point in 21 months slammed the price of leading altcoins, while…

Bitcoin Collapses Below $60K, but Samson Mow Says Everything Is Fine

Offering a rare glimpse of optimism amid the extreme negative sentiment, prominent Bitcoin advocate…

Bitcoin price breaks below $60K support, can bulls prevent a deeper crash?

Bitcoin price has fallen to a make-or-break support zone near $59,000 after losing a key Fibonacci…

5 Market Signals Reveal How AI Stocks, Oil and Bitcoin Shook Wall Street

Markets split sharply on Wednesday as lower oil prices eased inflation fears, but pressure on…

Bitcoin retests June low after $850M liquidations rock crypto market

Bitcoin has fallen below $60,000 for a second time this month, triggering more than $850 million in…

Portnoy: 'It Seems Like Bitcoin Is Going to Zero'

Barstool Sports founder Dave Portnoy has challenged Bitcoin bulls to prove skeptics wrong.

Strategy Stock Falls Below $100 for First Time in Two Years as Analysts Pick Apart Its Bitcoin Bet

The break below $100 puts MSTR at a discount to its roughly $50 billion in Bitcoin and shifts the…

21Shares Concedes 4-Year Cycle Intact as Bitcoin Falls Below $60,000 Again

21Shares concedes Bitcoin's four-year cycle has not broken as BTC slips below $60,000, yet still…

BlackRock Says Bitcoin Is Maturing — Recommends Up to 2% Portfolio Allocation

TL;DR: BlackRock recommended its financial advisors a Bitcoin allocation of between 1% and 2% as a…

'Stop Buying Bitcoin': Strategy Needs More Cash Fast, Analyst Says as STRC Hits New Low

STRC fell even lower Wednesday while MSTR bleeds. CryptoQuant says that Strategy needs to stop…

Bitcoin Hits $59,018 After a 5% Drop, Forcing $237M in Long Liquidations

On June 24, bitcoin fell 5% in 24 hours to a new year-to-date low of $59,018. This marks a nearly…

10x Research Warns Bitcoin Could Drop to $55,000 Before Finding a Bottom

TL;DR: Bitcoin could fall to $55,000 before bottoming out in this bear cycle, according to an…