Billionaire Michael Saylor's Strategy Increases USD Reserves by $748 Million to $2.19 Billion
Strategy Inc. has increased its USD reserves by $748 million, bringing the total to $2.19 billion as part of its treasury strategy. This increase was achieved through the ATM offering program; between December 15 and 21, the company sold about 4.54 million Class A MSTR shares, resulting in net proceeds of $747.8 million after commissions. No sales of preferred stock were made during the week, and there remains more than $41 billion in aggregate capacity across the company's common and preferred stock ATM programs.
Bitcoin holdings remained unchanged at 671,268 BTC as of December 21, with an aggregate purchase price of approximately $50.33 billion and an average purchase price per BTC of around $74,972 including fees. The increase in cash reserves strengthens the company's balance sheet and provides flexibility to service obligations, manage volatility, or fund future bitcoin purchases without needing immediate recourse to capital markets.
The filing suggests the continued use of ATM programs to reinforce the capital structure. Although no bitcoin purchases occurred during the week, this is seen as a tactical pause rather than a change in the long-term strategy. Bitcoin was trading below $90,000 amid macroeconomic uncertainty and higher interest rates, with analysts noting that liquidity expectations influence institutional participation.
