Strategy boosts USD reserves to $2.19B after $747.8M MSTR stock raise on December 22, 2025

On December 22, 2025, Strategy disclosed that it raised $747.8M through an at-the-market sale of 4.35M MSTR common shares and allocated the entire amount to its USD reserves, lifting cash holdings to $2.19B. The firm kept its BTC stash at 671,286 BTC after acquiring more than 21K BTC in the prior two weeks, while MSTR traded around $164.82 amid expectations of a potential BTC market recovery. The enlarged cash buffer may support dividend payments for up to two years as Strategy waits for more favorable conditions before resuming large-scale BTC purchases.