Strategy Hits Pause on Bitcoin Buying, Hoards $2.55B in Cash
Strategy stopped buying bitcoin last week despite raising $1.15B, pivoting to cash reserves and a buyback program instead.
Strategy took its foot off the bitcoin gas pedal last week. Despite pulling in $1.15 billion through MSTR stock proceeds, the company didn't add a single sat to its massive crypto pile.
Its total bitcoin stash sits unchanged at 847,363 BTC — still an absurd mountain of digital gold by any measure.
Instead of buying more coin, Strategy bulked up its USD reserves to $2.55 billion and rolled out a $1 billion digital credit buyback program. That's a notable shift for a company that has built its entire identity around relentless bitcoin accumulation.
The move raises questions about whether this is a tactical breather or something more strategic. Either way, sitting on $2.55 billion in cash while holding nearly 850,000 bitcoin gives the company plenty of optionality in either direction.