MicroStrategy has reversed last week’s surprise divestiture and pushed its Bitcoin war chest to a fresh high, the company’s co-founder Michael Saylor announced on X.
Saylor revealed that the treasury firm — long one of Bitcoin’s most prominent corporate holders — picked up 1,550 BTC in its latest acquisition, a buy that cost roughly $101 million. That purchase more than offsets the 32 BTC the company sold a week earlier, a move that briefly spooked the market because it ended MicroStrategy’s uninterrupted accumulation streak that dated back to late 2020.
After this latest add, MicroStrategy’s Bitcoin balance stands at a record 845,256 BTC. In his usual Sunday post, Saylor framed the buy succinctly: “A good time to add more dots.” CEO Phong Le doubled down on that message, quote-reposting the update and writing, “Our corporate @Strategy is to increase net Bitcoin and Bitcoin per share over time. Rumors otherwise are just rumors.”
The company also beefed up its cash buffer. Saylor said MicroStrategy added $100 million to its USD reserve — a fund set up last year to smooth dividend payments regardless of market swings — bringing the reserve to $1 billion. The 8-K filed with the SEC indicates the recent Bitcoin purchase (and the reserve top-up) was funded in part through sales of MSTR stock via the company’s at-the-market (ATM) offering; the filing notes that the $100 million expansion includes cash proceeds that are not yet settled.
The move comes amid broader outflows from U.S. spot Bitcoin ETFs. Data from SoSoValue shows the products suffered $1.72 billion in net redemptions last week — the fourth straight week of negative flows — as BTC has pulled back. At the time of writing, Bitcoin is trading around $63,400, down nearly 12% over the past seven days.
Bottom line: MicroStrategy has returned to aggressive accumulation, topping up both its Bitcoin holdings and its cash cushion, even as ETF outflows and a volatile market pressure prices.
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