Strategy Puts Away $1.6 Billion War Chest for Bitcoin Purchases and Debt Servicing

Strategy, the software firm turned corporate Bitcoin holder led by Michael Saylor, has set aside $1.6 billion for treasury operations, share buybacks, and debt servicing.

The company left its Bitcoin position unchanged despite a price climb, breaking from its near-continuous buying spree that made it the largest corporate holder of the digital asset.

The cash pool gives Strategy flexibility to purchase more Bitcoin while covering dividend obligations on its preferred stock, retiring debt, and supporting its own share price through buybacks.

Strategy has increasingly leaned on capital markets, issuing equity and convertible notes to fund its accumulation strategy, which has drawn both admirers and skeptics.