The world's largest Bitcoin reserve company Strategy (formerly MicroStrategy) announced today (22nd) to update its Bitcoin holdings and fund operation situation. The announcement shows that Strategy did not purchase any new Bitcoins last week. (Previous summary: MicroStrategy invested another $980 million to acquire 10,000 Bitcoins, with total Holdings exceeding 670,000 BTC, firmly holding the global top position.) (Background: MicroStrategy spent $960 million to buy 10,624 Bitcoins, with total Holdings exceeding 660,000! MSTR rose 2% in pre-market.)

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• Last week the purchase of Bitcoin was suspended
• Raised over 700 million dollars through common stock last week
• The dollar reserves rose to 2.19 billion dollars

The world's largest Bitcoin reserve company Strategy (formerly MicroStrategy) announced today (22nd) an update on its Bitcoin holdings and fund operations. The announcement shows that Strategy did not purchase any additional Bitcoin last week, but due to previous continuous increases, its total Bitcoin holdings remain at historically high levels.

Last week, Bitcoin purchases were suspended.

According to the announcement, during the period from December 15 to December 21, 2025, Strategy did not conduct any Bitcoin purchase transactions. As of December 21, Strategy has accumulated holdings of 671,268 Bitcoins, with a total purchase cost of approximately 50.33 billion USD and an average purchase price of 74,972 USD per coin (including fees and related costs). The company still holds the largest Bitcoin holdings among global enterprises.

raised over 700 million dollars through common stock last week.

In addition to Bitcoin holdings, Strategy has also updated the execution status of its At-The-Market Offering (ATM). The announcement stated that from December 15 to December 21, the company did not continue to increase its Bitcoin position, but instead sold 4.535 million shares of Class A common stock (MSTR) through the ATM program, bringing in approximately $747.8 million in net fundraising (after deducting sales commissions).

As for the multiple perpetual preferred stocks, including the STRF, STRK, and STRD series, there were no issuances or sales this week. As of December 21, Strategy still retains a large ATM issuance capacity, with the nominal amount available for issuance and sale of common stocks and various preferred stocks totaling hundreds of billions of dollars, providing high flexibility for subsequent capital allocation.

Reserve in USD rises to 2.19 billion USD

In terms of capital structure, Strategy has also updated its USD reserve status. The company indicated that its USD reserves established on December 1 had an original scale of 1.44 billion USD, mainly for the purpose of paying preferred stock dividends and addressing interest expenses on existing debts.

As of December 21, the dollar reserve balance of Strategy has increased to $2.19 billion. The market interprets this as a sign that MicroStrategy is not only continuing to bet on Bitcoin but is also simultaneously strengthening short-term liquidity and financial stability to support its highly leveraged, asset-heavy Bitcoin treasury strategy.