Based on CoinPaper, MicroStrategy has established a $1.44 billion USD reserve and increased its bitcoin holdings to 650,000 BTC. The company purchased 130 additional bitcoins at an average price of $89,960, raising its total bitcoin investment to $48.38 billion. The cash reserve is intended to support dividend payments and interest obligations. The firm plans to maintain at least 12 months of liquidity, with a goal of extending the buffer to 24 months. Meanwhile, the company's stock trades below the value of its bitcoin holdings, and critics, including Peter Schiff, have questioned the sustainability of its funding model.
MicroStrategy Builds $1.44B Cash Reserve While Holding 650,000 BTC
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