Strategy, formerly known as MicroStrategy, announced on June 23, 2026, that it has significantly increased its U.S. dollar reserve by $300 million, bringing the total to $1.4 billion. This move aims to bolster the credit quality of its Digital Credit securities, amid recent market pressures on these instruments. The company also continued its aggressive Bitcoin acquisition strategy, adding 520 BTC to its holdings for $35 million.
The announcement, made by Executive Chairman Michael Saylor via social media, confirmed the latest Bitcoin purchase, which elevates Strategy's total Bitcoin reserve to ₿847,363. The company has consistently pursued a strategy of accumulating Bitcoin as a primary treasury asset, positioning itself as the world's largest corporate holder of the cryptocurrency. These acquisitions are typically funded through various capital raises, including sales of common stock.
The substantial increase in the U.S. dollar reserve is a direct response to concerns surrounding the company's Digital Credit securities, identified by the ticker $STRC. These preferred shares have recently traded below their $100 par value, prompting Strategy to reassure investors regarding its ability to meet dividend obligations. According to recent reports, the $300 million addition to cash reserves, along with the Bitcoin purchase, was primarily financed through sales of Strategy's Class A common stock (MSTR).
Analysts have noted Strategy's financial flexibility, with some suggesting that the company possesses ample cash reserves to manage STRC-related payments, provided Bitcoin's value continues to appreciate. Strategy, which rebranded from MicroStrategy in February 2025 to reflect its Bitcoin-first identity, has pioneered the corporate Bitcoin treasury model. Michael Saylor, a vocal proponent of Bitcoin, continues to lead the company's strategic direction in this regard.
The firm's average acquisition price for its extensive Bitcoin holdings is approximately $75,651 per coin. This latest acquisition underscores Strategy's unwavering commitment to its long-term Bitcoin strategy, even as it navigates market fluctuations and addresses investor concerns regarding its financial instruments. The company's stock, MSTR, is often viewed as a leveraged proxy for Bitcoin exposure in traditional markets.
