MicroStrategy (MSTR) Stock Jumps 3.5% Following Bitcoin Acquisition and $300M Cash Injection

Key Highlights

Table of Contents

MicroStrategy acquired 520 bitcoin for approximately $34.9 million at $67,068 per coin average
The firm raised $335.5 million through the sale of approximately 2.7 million MSTR shares
A $300 million allocation increased cash reserves to $1.4 billion total
The reserve boost targets dividend stability for STRC preferred stock, which dropped to a record low under $83 on Thursday
Benchmark reaffirmed its Buy rating with a $570 target; MSTR gained 3.5% on Monday

MicroStrategy (MSTR) shares advanced 3.5% on Monday following the company’s announcement of a 520 bitcoin acquisition and a significant $300 million boost to its cash position. Trading around $112.53 by Monday’s session, MSTR remains down approximately 14% from the prior week.

Strategy Inc, MSTR

Through its at-the-market equity program, the company offloaded approximately 2.7 million shares, generating proceeds of $335.5 million. Of this amount, roughly $34.9 million funded the bitcoin acquisition, while the balance flowed into cash reserves.

The bitcoin purchase brought in 520 BTC at an average acquisition cost of $67,068 per token. MicroStrategy’s cumulative bitcoin position now totals 847,363 BTC, representing an aggregate investment of around $64.01 billion—an average entry price of $75,651 per coin.

Strategy has increased its USD Reserve by $300 million to $1.4 billion and plans to continue replenishing it to support the credit quality of its Digital Credit securities. We also acquired 520 BTC for $35 million, increasing our $BTC Reserve to ₿847,363. $MSTR $STRC…

— Michael Saylor (@saylor) June 22, 2026

The strategic decision to retain $300 million in liquid assets directly addresses mounting investor anxiety surrounding STRC, the company’s Variable Rate Series A Perpetual Stretch Preferred Stock. Concerns peaked last Thursday when STRC plummeted to an unprecedented low beneath $83.

With a $100 par value that Michael Saylor previously indicated as a near-support level, the decline sparked social media comparisons to the Terra/Luna ecosystem failure, with critics suggesting the preferred instrument had effectively “depegged.”

Preferred Stock Faces Market Headwinds

STRC finished last week’s abbreviated trading period around $89. By Monday morning, the preferred stock had rebounded to $90.43, posting a roughly 2% gain—though still trading meaningfully below its par value.

Strategy’s shareholder base also greenlit a modification to the STRC dividend distribution framework during the 2026 Annual Stockholders Meeting. Going forward, distributions will transition from monthly to semi-monthly intervals.

The expanded $1.4 billion cash reserve is designed to reassure stakeholders that preferred stock dividend commitments remain fully supported. The strategic adjustment appears to have alleviated some immediate market concerns.

Analyst Maintains Bullish Stance

Benchmark’s Mark Palmer reinforced his Buy recommendation and $570 price objective for MSTR in response to the latest disclosures. Palmer had similarly upheld his positive rating earlier in the week as STRC experienced selling pressure.

Cantor Fitzgerald previously reaffirmed its Overweight stance on MicroStrategy following an earlier digital asset acquisition, when the company purchased 1,587 BTC at $63,024 average using $100 million from equity sales.

Bitcoin traded just under $65,000 on Monday, recovering from the previous week’s downturn. The cryptocurrency’s rebound provided additional momentum for MSTR alongside the reserve announcement.

MicroStrategy’s aggregate holding of 847,363 BTC constitutes one of the most substantial single corporate bitcoin positions globally.

The reserve expansion and STRC’s partial price recovery indicate that immediate pressure on the preferred security has diminished, at least temporarily.

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