Bitcoin treasury firm Strategy has already more than made up for last week’s 32 BTC sale as it has announced a new major acquisition.
Strategy Has Just Added To Both Bitcoin And USD ReservesThe return to accumulation just one week later, however, has already completely reversed the effect that the sale had on Strategy’s holdings. Following this purchase, which cost about $101 million, the firm’s reserves have grown to 845,256 BTC, which is a new record.
In his usual Sunday X post, Saylor already foreshadowed a continuation of buying for Strategy, sharing the company’s BTC portfolio with the caption, “A good time to add more dots.”
Phong Le, the firm’s CEO, quote-reposted the post, noting, “Our corporate @Strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors.”
According to Saylor, the company has just added another $100 million to this reserve, taking its total value to $1 billion. Earlier, the reserve had a notably higher value than this, indicating that the firm has been relying on it to pay dividends amid the current market downturn.
The 8-K filing with the US Securities and Exchange Commission (SEC) suggests that Strategy fueled the new Bitcoin buy with sales of its MSTR at-the-market (ATM) stock offering. The USD reserve has been funded similarly, although the filing noted that the $100 million expansion amount includes cash proceeds that are yet to be settled.
From the chart, it’s visible that this was the fourth consecutive week of negative netflows for the Bitcoin spot ETFs.
BTC PriceAt the time of writing, Bitcoin is floating around $63,400, down nearly 12% in the last seven days.
