Michael Saylor Buys Bitcoin Dips, Strategy (MSTR) Announces $1.44 Billion USD Reserve

Core Viewpoint - Michael Saylor, the executive Chairman of Strategy (MSTR), continues to invest in Bitcoin, recently purchasing an additional 130 BTC for $11.7 million, bringing the company's total holdings to 650,000 BTC, despite market volatility and criticism from Bitcoin skeptics [1][2][5]. Group 1: Bitcoin Holdings and Investments - The recent purchase of 130 BTC was made at an average price of approximately $89,960 per BTC, increasing the total Bitcoin holdings to 650,000 BTC [2]. - The company's cumulative investment in Bitcoin is around $48.38 billion, with an average purchase price of $74,436 per BTC [3]. - Despite a recent price correction, Saylor remains optimistic about Bitcoin, stating the company is prepared for a price drop to $25,000 [3]. Group 2: Market Conditions and Stock Performance - On December 1, Bitcoin experienced a flash crash, dropping to $86,000, which resulted in over $600 million in liquidations [4]. - Following the recent Bitcoin purchase, MSTR stock fell by 4.6% in pre-market trading, slipping below the $170 level amid broader market declines [4]. Group 3: USD Reserve for Dividend Payments - The company has established a $1.44 billion USD reserve to fund preferred stock dividend payments and meet debt obligations, as disclosed in a filing with the SEC [5]. - This USD reserve was funded through proceeds from an at-the-market equity offering, with plans to maintain a balance sufficient for at least 12 months of dividend payments, aiming to extend this to 24 months in the future [6]. - Saylor emphasized that the creation of a USD reserve is a strategic step to better navigate market volatility while pursuing the vision of being a leading issuer of Digital Credit [6].