Strategy (formerly MicroStrategy) shares surged over 7.5% to close at $98.5 after announcing an increase in its USD reserves to $3.75 billion. The company now holds $3.225 billion in cash to cover preferred stock dividends and debt interest for approximately two years without selling any Bitcoin. The firm retains its 843,775 BTC completely untouched, with no purchases or sales reported during the reserve-building period. Annualized obligations stand at $1.76 billion, providing shareholders with a comfortable margin of safety. The primary risk remains a sustained decline in Bitcoin’s price, which would reduce the value of the asset while leaving obligations fixed.
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