Cash Reserves

Strategy

2026-09-14 11:58:55

Strategy Did Not Add to Its Bitcoin Holdings Last Week, Cash Reserves Fell to $6.4 Billion

Strategy did not purchase additional Bitcoin last week, according to a market update cited by BlockBeats on Sept. 14. The report said the company made no new increase to its BTC position during the period. Separately, its U.S. dollar reserves declined by $140 million from the previous level. After that decrease, Strategy’s dollar reserves stood at $6.4 billion. The item was published as a market analysis brief by BlockBeats. No further details were provided in the source about the reason for the reserve change or whether the company plans to resume Bitcoin purchases.

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Strategy

2026-08-25 01:45:25

Strategy rebuilds cash after Bitcoin recovery, raising $2 billion instead of buying more BTC

Strategy, the largest corporate holder of Bitcoin, spent the latest rally doing something unusual: it did not add to its BTC stack. After Bitcoin climbed 13% last week, reclaimed $70,000 for the first time since June, and moved above $78,000 by Monday, the company sold 18.26 million common shares and raised about $2 billion in cash. The proceeds were split across two dollar pools. Strategy moved $300 million into its restricted USD Reserve account, used for preferred dividends and debt interest, lifted that pool to $5.1 billion, spent $136.4 million to repurchase 1.43 million shares of STRC preferred stock, and placed the rest into a newly created USD Cash pool worth $1.59 billion. Unlike the reserve account, that new pool can be used to buy Bitcoin, repurchase common or preferred stock, repay convertible debt, or support other corporate needs. A filing also showed Strategy neither bought nor sold any Bitcoin in the week ended Aug. 23, leaving holdings unchanged for a second straight week at 840,447 BTC. With average acquisition cost at $75,385 per coin, recent price swings have pushed the company from deep unrealized losses back above its cost basis. Even so, preferred dividends, debt servicing, buybacks, and possible index-related pressure have made liquidity a central part of the story.

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Strive

2026-08-24 12:07:32

Strive bought 1,110 BTC last week at an average price of about $73,409

Bitcoin treasury company Strive said it bought 1,110 Bitcoin last week at an average price of about $73,409, marking a sharp increase from its previous weekly buying pace. As of Aug. 21, the company held 21,356 BTC in total. Strive also disclosed holdings of 505,000 shares of Strategy STRC preferred stock with a fair value of about $48.57 million, along with roughly $171.9 million in cash. The update outlines the company’s latest treasury position across Bitcoin, preferred equity exposure, and cash reserves.

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Strategy

2026-08-13 02:02:49

Why Strategy’s $4.65 Billion Cash Pile May Not Be a Blueprint for Other Bitcoin Treasury Firms

Strategy, formerly MicroStrategy, has lifted its U.S. dollar cash reserves to $4.65 billion from $3.75 billion just two weeks earlier, while selling nearly 7,000 BTC since late June 2026. That shift has sparked a debate across the crypto market: if the company most closely associated with aggressive Bitcoin accumulation is building a larger fiat buffer, should other Bitcoin treasury firms do the same? The logic outlined in the source points to Strategy’s capital structure rather than a simple change in conviction on BTC. The company’s preferred securities carry fixed dollar-denominated dividend obligations, while Bitcoin itself does not generate cash flow. On top of that, S&P assigned Strategy a B- rating in October 2025, citing heavy Bitcoin concentration, weak dollar liquidity, and very thin risk-adjusted capital. Under that framework, BTC receives little credit as effective capital, which raises the value of cash on the balance sheet for funding and ratings purposes. The article argues that this comes with a measurable cost. In its example, issuing $100 of preferred equity with a 10% annual dividend while reserving $30 of cash for three years of payouts leaves only $70 to deploy into Bitcoin. That pushes the required return on deployed capital to 14.29%, effectively lifting the hurdle rate by 42.9%. The conclusion is that Strategy’s setup is unusual, and most Bitcoin-related companies should size cash reserves around operating needs, debt service, capital spending, and liquidity buffers rather than copy a balance-sheet model built for ongoing digital credit issuance.

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Berkshire Hat

2026-08-08 14:22:04

Berkshire Ends 14-Quarter Net Selling Streak, Buys ~$20B in Stocks in Q2

Berkshire Hathaway reported on Aug. 8 that its cash pile fell to $365.51 billion at the end of Q2 2026, down from roughly $397.4 billion in Q1, as the company turned from patient waiting to active buying. The quarterly report showed net stock purchases of about $20 billion, ending a 14-quarter streak of net selling that had lasted since Q4 2022. The buying spree included a $10 billion private placement in Alphabet, Google's parent, intended to support AI data center investments, and approximately $6.8 billion to acquire homebuilder Taylor Morrison — a full takeover rather than open-market buying. Berkshire also spent about $4.5 billion on its own share repurchases. After accounting for those large items, roughly $3 billion in "unexplained" net open-market equity purchases remains; specific names will appear in the 13F filing due around Aug. 14. Alphabet has moved into Berkshire's top five holdings, sitting alongside American Express, Apple, Bank of America, and Coca-Cola. Those five positions account for about 66% of the equity portfolio. The shift is widely read as a clear sign of more aggressive capital allocation under incoming CEO Greg Abel, with Berkshire moving from "patiently waiting" to "taking action." Warren Buffett had earlier explained the long selling cycle by saying valuations were too high to find attractive opportunities.

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Berkshire Hat

2026-08-08 12:54:07

Berkshire Hathaway Q2 Net Income Rises to $25.67B, Cash Reserves Drop to $364.7B

Berkshire Hathaway A (BRK.A.N) has reported second-quarter 2026 earnings, showing a sharp jump in net income and a decline in revenue compared with a year earlier. Attributable net income came in at $25.67 billion in Q2, up from $12.37 billion in the year-ago period. Quarterly revenue was $12.98 billion, versus $92.52 billion in Q2 2025. At the end of Q2, Berkshire's cash reserves were $364.7 billion, down from $397 billion at the end of Q1. The company also held fixed-income securities with a fair value of $17.03 billion as of June 30. That total was made up of $3.0 billion in U.S. government bonds, $12.67 billion in foreign bonds and $1.36 billion in corporate bonds. On the equity side, 66% of the portfolio's total fair value sat in five names: American Express, Apple, Bank of America, Alphabet and Coca-Cola. The data was attributed to Jinshi.

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Strategy

2026-08-06 05:56:27

STRC rebounds more than 30% from its June low as Strategy boosts cash reserves

Strategy’s perpetual preferred stock STRC has climbed back to about $94, rebounding more than 30% from its June low of $71 as Bitcoin stabilized above $60,000 and the company stepped up financial support measures. Since June, Strategy has sold Bitcoin three times, offloading 5,226 BTC for $321 million and reducing its holdings from 847,363 BTC to about 842,137 BTC. The company said those sales were meant to show it can actively use Bitcoin to fund dividend obligations rather than leave the asset idle on its balance sheet. At the same time, Strategy has repurchased roughly $106 million of STRC and added another $250 million to cash reserves, bringing its total cash position to $4 billion. The company said that amount would be enough to cover about 2.3 years of preferred dividend payments, while STRC’s annualized dividend rate remains unchanged at 12%. In its second-quarter earnings call, Strategy pointed to the stock’s past trading pattern after its IPO and said that, using a similar timeline, STRC could return to its $100 par value on Sept. 8. The company also said that projection is based only on historical price action and that the actual share price will still depend on market performance and investor sentiment.

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Strategy

2026-08-03 18:50:23

Strategy lifts cash reserves to $4 billion after six straight weeks of additions

Strategy said it added another $250 million to its cash reserves, bringing the total to $4 billion and marking the sixth consecutive week of increases. The update comes after the company paused its weekly Bitcoin buying program for about six weeks. The company has also sold part of its Bitcoin holdings in recent weeks. Even after those sales, Strategy still holds 842,138 BTC, keeping its position as the largest corporate Bitcoin holder globally. Alongside the reserve update, the company disclosed that it has repurchased about $81 million of STRC preferred stock. According to the disclosure cited by U.Today, the buyback was aimed at optimizing the balance sheet and preserving financial flexibility. Strategy did not say when it plans to resume Bitcoin purchases. The latest move shows the company is still adjusting its capital structure and liquidity position while keeping a large Bitcoin treasury on its books.

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