Strategy, formerly MicroStrategy, paused net Bitcoin purchases to build a cash reserve of $2.55 billion, funded primarily through ATM equity sales totaling roughly $1.15 billion in a single week. The company authorized a buyback program of up to $2 billion, split between $1 billion for digital credit securities and $1 billion for Class A common stock repurchases. It also established a Bitcoin Monetization Program allowing sales of up to $1.25 billion in BTC. Strategy’s Bitcoin treasury stands at 847,363 BTC with an average acquisition cost of approximately $75,651 per coin.
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