Strategy's Bitcoin and Cash Reserves Exceed Debt by $48B, Says Saylor
Michael Saylor revealed that Strategy's Bitcoin assets and USD Reserve now surpass its liabilities by roughly $48 billion, a significant improvement from late 2022 when crypto holdings were $300 million short of covering the debt. An 8-K filing dated June 15 disclosed that Strategy possesses 846,842 BTC, having purchased 1,587 BTC for $100 million. This Bitcoin is valued at nearly $54.2 billion, based on a price of around $64,000 per BTC, alongside a USD Reserve of $1.1 billion against $6.7 billion in convertible bonds, resulting in a surplus of about $48.6 billion. In October 2022, the firm held about 130,000 BTC worth $2.6 billion and has since raised over $60 billion while redeeming $1.5 billion in convertible notes. The USD Reserve increased from $871 million to $1.1 billion after securing $209 million.
Key facts
- Strategy's Bitcoin and cash reserves exceed debt by $48 billion.
- Company holds 846,842 BTC after purchasing 1,587 BTC for $100 million.
- Bitcoin holdings valued at nearly $54.2 billion at ~$64,000 per BTC.
- USD Reserve stands at $1.1 billion.
- Convertible bonds total $6.7 billion, down from $8.2 billion.
- In late 2022, BTC and cash were $300 million below debt.
- Strategy raised over $60 billion in new capital since late 2022.
- First BTC sale since 2022: 32 BTC sold for $2.5 million in late May.
Entities
Institutions
- Strategy
- NFT Plazas