Strategy Raises $2 Billion and Creates $1.59 Billion Cash Pool Without Buying Bitcoin as BTC Surges Past $79K

Strategy, the Bitcoin treasury company formerly known as MicroStrategy, raised approximately $2 billion last week by selling 18.26 million shares of common stock, yet made no new Bitcoin purchases, leaving its holdings flat at 840,447 BTC. The company allocated $300 million of the proceeds to a USD Reserve and used $136.4 million to repurchase 1.43 million shares of its variable-rate preferred stock, STRC. The remaining capital was pooled into a $1.59 billion cash reserve earmarked for future Bitcoin treasury purposes, including potential purchases, bringing the company's total cash position to $6.69 billion.

The move came as Bitcoin surged roughly 24% last week, pushing the price past $79,000 on Monday morning and turning Strategy's holdings profitable. Analysts pointed to Treasury liquidity support weakening the dollar, $1.9 billion in Bitcoin ETF inflows, and short covering as the primary drivers of the rally. Bitcoin's RSI has flashed overbought signals amid the run-up, and some technical analysts are eyeing a potential bull flag formation with a $90,000 target if a breakout is confirmed.

MSTR shares rose 2.4% in pre-market trading on Monday. Strive also added Bitcoin last week, though its purchases were modest in scale compared with Strategy's treasury model. Key macro data this week, including PCE inflation, GDP, and jobless claims, could shift Federal Reserve policy expectations and test whether the rally holds.