Strategy Pads Its Cushion to $1.4B While STRC Tries Not to Stretch Investors' Patience 🪙

Strategy added $300 million to its cash reserves last week, bringing the total to $1.4 billion, according to a company press release. The Tysons Corner, Virginia-based Bitcoin treasury firm generated the funds by issuing common stock, a move that produced $335 million in proceeds. It marked the third consecutive week the company has replenished its so-called USD Reserve, a mechanism executives have increasingly pointed to as evidence of balance-sheet strength even as the firm's preferred share, Stretch (STRC), absorbed heavy selling pressure.

Alongside the capital raise, Strategy acquired 520 BTC for $35 million, lifting its holdings to 847,363 BTC, co-founder Michael Saylor confirmed in a June 22, 2026 post on X. With Bitcoin trading near $65,000, up 1.5% over the prior 24 hours, the stockpile carried a market value of roughly $55 billion, leaving the company sitting on an unrealized loss of approximately $9 billion. The 520 BTC purchase was Strategy's smallest since it sold 32 BTC three weeks ago, a divestment that preceded the firm's worst weekly performance since November 2022.

The fundraising push comes as STRC, which currently pays an 11.5% annual dividend, has tumbled to record lows. The preferred share slid to $82.53 on Friday, trading around 17% below its $100 par value, before steadying near $91, according to Yahoo Finance. As of the latest check, STRC was down 2.6% at $87.45, marking a partial recovery from the session low. The stock has not traded at par since mid-May, and the product's recurring costs have added roughly $100 million in monthly obligations at its current size, contributing to investor unease about the sustainability of the dividend.

Saylor addressed the volatility on Friday, when U.S. markets were closed in observance of Juneteenth, acknowledging the strain on holders, including retirees who bought STRC as a lower-volatility option. "Volatility is never easy," he said. On Monday, he added on X that Strategy "plans to continue replenishing [its USD Reserve] to support the credit quality of its Digital Credit securities." The company has used STRC throughout the year to accumulate Bitcoin, even as the preferred instrument itself has become a focal point for analysts tracking the firm's obligations.