Strategy (MSTR), the world’s largest publicly traded holder of bitcoin, in the last days of 2025 and the early days of 2026 lifted both its bitcoin holdings and cash reserve.
Led by executive chairman Michael Saylor, the company added 1,287 bitcoins for just over $116 million, or an average price of about $90,000 each. Fixed holdings are now 673,783 bitcoin bought for $50.55 billion, or an average price of $75,026 each.
The company last week also added $62 million to its cash reserves, bringing the total to $2.25 billion.
The increases to both the cash and BTC reserves were funded through the sale of common stock.
The cash reserve is intended to finance dividend payments on the company’s perpetual preferred equity. At current levels, Strategy has enough cash on hand to fund 32.5 months of dividend coverage, according to the company’s dashboard.
Alongside news of the balance sheet additions, the company revealed $17.44 billion in unrealized losses on its bitcoin holdings in the fourth quarter — not surprising given BTC’s decline from the $120,000 range at the start of October to $88,000 to end the year.
MSTR shares rose 4.5% in premarket action along with a weekend surge in the price of bitcoin to the current $92,900.
