Strategy, the business intelligence firm chaired by Michael Saylor, expanded its Bitcoin treasury with the purchase of 130 BTC for $11.7 million, averaging $90,000 per coin. This raises its total holdings to more than 650,000 BTC, currently valued at about $56 billion.
The move aligns with Strategy’s consistent accumulation approach through 2025, even as market volatility and weakening asset prices push many corporate holders to reconsider their exposure.
Amid increasing scrutiny over its ability to fund dividends across multiple preferred stock classes, Strategy also announced the creation of a $1.44 billion cash reserve.
The funds were raised through recent common-stock sales, and the firm intends to keep at least 12 months of dividend coverage available. CEO Phong Le confirmed the reserve now covers roughly 21 months, with a long-term goal of 24 months or more.
With Bitcoin sliding to $86,000—well below the company’s earlier year-end target of $150,000—Strategy has adjusted its full-year profit expectations and Bitcoin yield forecasts to reflect current market pressures.
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