Strategy adds $300M to USD Reserve, acquires 520 BTC

• Strategy acquired 520 Bitcoin for $35 million.
• Strategy's total Bitcoin holdings increased to 847,363 BTC.
• Strategy's USD reserve was increased by $300 million to $1.4 billion.
• The funding for these actions came from $335.5 million raised through sales of Strategy's Class A common stock (MSTR).
• Strategy's perpetual preferred stock, STRC, traded below its $100 reference level.

Strategy, a Bitcoin treasury company, has bolstered its USD reserve by $300 million, bringing the total to $1.4 billion, and acquired an additional 520 BTC for $35 million. These moves were funded by $335.5 million raised from issuing common stock. The company aims to continue replenishing its reserves to support the credit quality of its Digital Credit securities.

The acquisition of 520 BTC marks one of Strategy's smallest purchases in recent weeks. The company's total Bitcoin holdings now stand at 847,363 BTC. Meanwhile, Strategy's perpetual preferred stock, STRC, has experienced volatility, trading below its $100 par value, which has led to increased monthly costs for the company.

In comparison, asset manager Strive announced it added 750 BTC to its holdings, outpacing Strategy's recent buys. Strive CEO Matt Cole noted that market stress tests for digital credit products have shown resilience, with securities recovering from lows.