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

Legendary Investor Jeremy Grantham Slams Bitcoin While Sounding Alarm on AI Bubble

TL;DR: The co-founder of the institutional investment firm GMO projects that artificial intelligence…

BitGo Cuts 15% of Workforce to Focus on Stablecoins and AI

BitGo is cutting nearly 15% of staff as CEO Mike Belshe refocuses the custodian on stablecoins,…

BitGo cuts 15% of staff to sharpen focus on AI, stablecoins

BitGo co-founder and CEO Mike Belshe says the layoffs are “a one-time action” and the company…

Bitcoin Drops to $58K as Strategy’s MSTR Hits Multi-Year Low and $1.3 Billion Gets Wiped

Bitcoin is back below $59,000. It’s the lowest the coin has traded in nearly two years, and…

Bitcoin ETP Flows Turn Negative For First Time Since 2023, K33 Reports

K33 Research says Bitcoin ETP holdings have suffered a record drawdown while rolling one-year flows…

Vinny Lingham Predicted Saylor Would Hurt Bitcoin More Than FTX. Now He’s Explaining Why

Vinny Lingham, co-founder of Praxos Capital, told Unchained’s Laura Shin that Strategy’s…

Does Botanix’s failure prove Bitcoiners don’t care about DeFi?

The failure of Botanix suggests that Bitcoiners still prefer Ethereum DeFi to Bitcoin L2s. How can…

Bitcoin bounces off new 2026 price lows: Will US stock weakness push BTC lower?

Bitcoin’s trek into new 2026 lows continued as spot BTC ETF outflows, a bearish monthly options…

Is Michael Saylor About to Trigger a Bitcoin Death Spiral?

Bitcoin just broke below its 200-week moving average, Strategy’s STRC is cracking, MSTR is under…

Jeremy Grantham Says SpaceX Defines AI Bubble Peak and Dismisses Bitcoin as ‘Unnecessary Nonsense’

Jeremy Grantham, the billionaire investor who predicted both the dot-com crash and the 2007 housing…

Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market

The $2.5 trillion asset manager deepens its blockchain push after taking over Superstate's tokenized…

Bitcoin options traders hedge downside as uncertainty lingers, Anchorage says

Anchorage Digital’s latest analysis shows Bitcoin options traders remain defensive as near-term…

Bitcoin may fall lower but BTC power-law frames crash to $58K as ‘normal’

Bitcoin’s drop to $58,000 lines up with the power-law model’s cycle lows, even though futures…

Blackrock’s IBIT Leads $469 Million Bitcoin ETF Selloff in Biggest Exit Since June 2

Crypto exchange-traded fund (ETF) flows weakened sharply on Wednesday, June 24, as bitcoin ETFs…

“No Grifter Left Behind”: Ex-IMF Economist Reacts to Brutal Bitcoin and Crypto Selloff

TL;DR Former IMF economist Mark Dow renewed his criticism of Bitcoin after the latest crypto market…

Invesco Files for Tokenized Stablecoin-Reserve Money Market Fund Built on Superstate Rails

US asset manager files for a GENIUS Act reserve money market fund whose shares are recorded directly…

Bitcoin Treasury Companies Are ‘Textbook Bubble Chart’ as MSTR Loses $100

Bitcoin treasury companies show textbook bubble signs as MSTR loses $100 support and STRC trades…

Aave Proposes Cross-Chain Deployment For Yield-Bearing sGHO Stablecoin

Aave governance is considering a cross-chain rollout for sGHO, using Chainlink CCIP to expand…