Strategy, the company led by Michael Saylor, has increased its USD Reserve by $300 million, bringing the total to $1.4 billion. Simultaneously, the firm raised $335.5 million through the sale of MSTR shares and used the proceeds to acquire 520 Bitcoin.
MSTR is Strategy's stock ticker on Nasdaq. The total fundraising of $335.5 million was allocated with $300 million going to the USD Reserve and the remaining approximately $35.5 million used for the Bitcoin purchase. Based on these figures, the average acquisition cost per Bitcoin stands at around $68,300.
Under Michael Saylor's leadership, Strategy has maintained Bitcoin as its primary treasury reserve asset. This latest move simultaneously boosts the company’s dollar cash reserves and its Bitcoin holdings, reflecting a strategy of leveraging equity financing to manage both asset classes. The transaction represents the latest step in Strategy's ongoing digital asset accumulation program.