Michael Saylor's Strategy purchased 520 bitcoin for $35 million last week — increasing total holdings to 847,363 BTC — while raising its USD Reserve by $335 million to $1.4 billion through $335.5 million in MSTR share sales, per Cointelegraph. The acquisition continues the company's weekly accumulation pattern but at a substantially smaller bitcoin-side scale than the prior week's 1,587-BTC buy, with the bulk of the equity raise now going into cash reserves rather than additional BTC purchases. The moves come days after the digital-credit selloff drove Strategy's STRC preferred shares below par.
What's the allocation shift? Of the $335.5 million raised through MSTR sales, only $35 million went into bitcoin — with $300 million going into the USD Reserve. The previous week's 1,587-BTC buy used roughly $100m for accumulation versus $100m for reserve top-up; this week the ratio shifts toward cash, signalling defensive posture.
Why the Reserve build? The reserve covers dividends on Strategy's preferred shares — including STRC — and debt interest. Building to $1.4 billion provides multiple quarters of dividend coverage even if MSTR share-sale capacity contracts.
How does this fit the STRC slide? The Block flagged the buy was made "despite STRC slip" — framing continued purchases as a statement the accumulation programme survives the preferred-share stress. Strategy's continued operation signals issuer-side confidence the slide was technical-liquidation rather than fundamental.
What's the total BTC stack now? 847,363 BTC after the 520-BTC purchase. Strategy remains the largest corporate bitcoin holder, at roughly 4% of eventual total supply. The accumulation pace has slowed dramatically — from 1,587 BTC the prior week to 520 BTC this week.
What's the broader segment signal? The smaller BTC buy plus larger Reserve top-up tells the market Strategy is preparing for extended preferred-share stress rather than treating the STRC slide as one-off. Other Bitcoin treasury companies will likely follow the defensive playbook.
Figures referenced: Michael Saylor. — JudgeMarket.
