On June 22, 2026, Strategy (MSTR) reported acquiring 520 bitcoin for approximately $34.9 million, raising total holdings to 847,363 BTC. The company also increased its cash reserves by $300 million to $1.4 billion, funded through the sale of about 2.7 million shares of common stock, generating $335.5 million.
This strategic financial maneuver comes amidst concerns over the company's high-yield preferred stock, STRC. Following a period of investor panic selling that dropped STRC's value below $83, shares managed a slight rebound to $90.43, though still under the targeted par value of $100. Concurrently, MSTR shares rose by 3.5% as Bitcoin approached $65,000.