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Michael Saylor: Strategy to increase US dollar reserves to $1.1 billion
BlockBeats News, June 15 — Strategy founder Michael Saylor announced on social media that the company has purchased an additional 1,587 bitcoins, investing approximately $100 million, bringing its total bitcoin reserve to 846,842 coins.
Meanwhile, the company also increased its US dollar reserves by $100 million, to about $1.1 billion, further enhancing its liquidity reserve capacity. This move demonstrates that while continuously increasing bitcoin holdings, Strategy is also expanding its cash position to improve the liquidity and risk resilience of its balance sheet.
As of now, Strategy remains one of the largest publicly traded companies in the world holding Bitcoin.