Strategy Pauses Bitcoin Purchases as USD Reserve Grows to $2.55 Billion

Strategy paused its Bitcoin purchases between June 22 and June 28, despite raising approximately $1.15 billion through sales of its MSTR shares.

Instead of adding to its Bitcoin holdings, the company increased its USD reserve to $2.55 billion and introduced a new financial framework focused on liquidity and capital management.

Under the new policy, the USD reserve will be used only to cover preferred stock dividends and interest payments on outstanding debt. The company must maintain enough cash to meet at least 12 months of these obligations.

New $1 Billion Buyback Programs Announced

Strategy also launched a $1 billion Digital Credit Securities Repurchase Program, covering STRC, STRF, STRD, and STRK, with STRC receiving priority. A separate $1 billion Class A common stock repurchase program was also approved and will not use funds from the USD reserve.

The company further introduced a Bitcoin Monetization Program, allowing it to sell Bitcoin when needed to support reserves, dividend payments, debt obligations, or share repurchases.

Bitcoin Holdings Remain Unchanged

Strategy continues to hold 847,363 BTC, valued at roughly $51 billion at current prices. The company acquired its holdings at an average price of $75,651 per Bitcoin, representing a total investment of about $64.1 billion. At current market prices, the position carries an unrealized loss of around $13 billion while still representing more than 4% of Bitcoin’s maximum 21 million supply.