The technology company Strategy (MSTR), known as the largest corporate holder of Bitcoin, Strategy boosted its cash reserve by $747.8 million during the last week. According to an SEC filing published this Monday, the funds were obtained entirely through the sale of common stock on the open market. This financial maneuver strengthens the internal liquidity of the organization led by Executive Chairman Michael Saylor. The company seeks to guarantee its financial obligations in a highly dynamic market environment this December 2025.
On the other hand, the firm’s total US dollar reserve has now risen to approximately $2.2 billion. This fund is specifically intended for the payment of dividends corresponding to its previously issued preferred stock. With this accumulated capital, the company can cover those dividend payments for the next 32 consecutive months. The financing strategy ensures operational solvency without relying exclusively on the liquidation of its primary digital assets. In this way, Strategy maintains its aggressive institutional treasury accumulation policy intact.
Currently, the company holds a total of 671,268 bitcoins, acquired for an approximate cost of $50 billion. This position has a market valuation close to $60.4 billion, considering the current price of Bitcoin. Likewise, MSTR shares recorded a 3% increase in pre-market trading this morning. The rebound coincides with Bitcoin’s recovery above the psychological mark of 90,000 dollars. Nevertheless, the stock value reflects a drop of more than 40% year-to-date.
The hybrid treasury model between Bitcoin and traditional cash reserves
In addition, the use of stock sales to recapitalize the cash reserve demonstrates the entity’s financial flexibility. This tactic allows the company to finance itself without needing to issue new convertible debt in the short term. Therefore, institutional investors are closely watching Saylor’s ability to manage the accounting balance sheet. Diversifying liquidity reduces the risks associated with the inherent volatility of volatile digital assets. Strategy continues to be the main benchmark for companies seeking to integrate cryptocurrency into their financial balances.
On the other hand, the company has managed to capitalize on periods of higher demand for its shares to strengthen its cash position. The market reacts with optimism to the solvency demonstrated by the board to meet the needs of its preferred investors. For this reason, cash flow stability has become a fundamental metric for Wall Street analysts. The combination of digital assets and cash provides a safety cushion against potential prolonged market corrections. The blockchain technology remains the central axis of the company’s long-term value proposition.
Can Strategy maintain its aggressive purchase of digital assets while expanding its dollar reserve?
However, the continued success of this model depends on Bitcoin’s ability to maintain its sustained upward trend. Analysts warn about the extreme dependence on the digital asset’s price for the company’s total valuation. In this way, the creation of a robust cash reserve acts as a financial risk mitigation mechanism. Modern corporate treasury management requires a constant balance between aggressive growth and operational security. Saylor’s firm seems to be refining this hybrid approach for the benefit of its shareholders.
Finally, Strategy consolidates itself as a financial laboratory that challenges traditional treasury management conventions. The increase in dollar liquidity provides the stability necessary to navigate crypto volatility cycles. The company is expected to continue using the stock market to optimize its capital structure in 2026. Investors will closely follow the quarterly reports to verify the sustainability of this accelerated reserve growth. The outlook for next year suggests a consolidation of this strategy of massive asset and cash accumulation.
