As per BitJie, MicroStrategy increased its cash reserves by $748 million, bringing the total to $2.19 billion, while maintaining its Bitcoin holdings at 671,268 BTC. The company paused Bitcoin purchases from December 15 to 21 and accumulated cash through stock sales. CEO Michael Saylor stated the company is prepared to make large-scale Bitcoin buys during market downturns, building on the $1.44 billion reserve established in late November. The company's stock price has risen due to investor support for its large-scale Bitcoin strategy.
MicroStrategy Boosts Cash Reserves by $748M to $2.19B, Maintains Bitcoin Holdings
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Summary
Bitcoin news broke as MicroStrategy boosted cash reserves by $748 million to $2.19 billion, holding 671,268 BTC. The firm paused Bitcoin buys from Dec. 15–21 and raised funds via stock sales. CEO Michael Saylor said the company is ready to buy Bitcoin in dips, building on $1.44 billion in reserves from late November. The stock has risen as investors back its Bitcoin strategy. Traders are also keeping an eye on altcoins to watch amid shifting market sentiment.
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