MicroStrategy adds 520 Bitcoin, cash reserve hits $1.4 billion

MicroStrategy announced a purchase of 520 BTC for about $35 million and simultaneously lifted its U.S. dollar reserve to $1.4 billion, underscoring a dual focus on expanding its Bitcoin treasury while shoring up liquidity for preferred‑stock obligations【1】.

Purchase size and pricing

The latest tranche was acquired at an average price of $67,068 per coin, a modest premium to the week‑earlier purchase of 1,587 BTC at $100 million, indicating a slower buying pace【1】. At current market levels near $64,200, the new BTC adds roughly $34.9 million of value, bringing the firm’s total Bitcoin position to 847,363 BTC, valued at about $54.8 billion—roughly $9.3 billion in unrealized losses versus its $64 billion aggregate cost basis【3】.

Cash reserve build‑up

MicroStrategy’s cash balance rose from $1.1 billion a week earlier to $1.4 billion, a $300 million increase reported by the company and a $400 million boost cited by another outlet【1】【2】. The reserve is intended to support the credit quality of its Digital Credit securities and to meet dividend obligations on its preferred‑stock issuances, giving the firm a buffer that reduces reliance on asset sales during market stress【1】.

Context for the dual strategy

Since 2020, the firm has funded Bitcoin purchases primarily through at‑the‑market sales of common stock and perpetual preferred shares, maintaining a “Bitcoin per share” metric to track accretion for shareholders【1】. The latest cash infusion coincides with a period of relative price stability for Bitcoin, allowing MicroStrategy to add to its position without the urgency of a sharp dip. Analysts note that the sizable cash reserve provides flexibility, especially as the STRC preferred shares have traded below par and have not been a recent funding source【3】.

What to watch

• BTC price: $64,000‑$66,000 range could influence future purchase pacing.
• Cash reserve level: Any further increase beyond $1.4 billion may signal additional liquidity building.
• Preferred‑stock performance: STRC price movements around its $100 par value could affect funding capacity.

MicroStrategy’s latest moves reinforce its hybrid treasury model—continuing to amass Bitcoin while preserving a robust cash cushion—leaving investors to watch how market volatility and preferred‑stock dynamics shape future allocation decisions.