Strategy (NASDAQ: MSTR) Claims Second-Largest Reserve Capital Among S&P 500 Financials As Stock Slides

Strategy (NASDAQ: MSTR) now holds more reserve capital than every financial services company in the S&P 500 except Berkshire Hathaway, according to Executive Chairman Michael Saylor.

The company holds 845,050 Bitcoin, a position now valued at approximately $65.2 billion after years of aggressive accumulation.

Strategy made its first Bitcoin purchase in August 2020, acquiring 21,454 coins for $250 million in a move that set the template for its treasury strategy.

The company ended a 10-week buying pause on August 31, adding 4,603 coins for $370 million, signaling renewed confidence in its core investment thesis.

Combined with $6.7 billion in dollar-denominated assets, Strategy’s total reserve capital reaches approximately $72.3 billion by the company’s own calculation.

CEO Phong Le confirmed the figure publicly, posting on X that Bitcoin and dollar assets are up 34% to $72 billion over the past two months, with net leverage down to zero percent.

“Summer is usually slow, but we’ve been busy @Strategy over the last 2 months: Bitcoin and USD assets are up 34% to $72B, net leverage down to 0%, and back to buying BTC,” Le wrote.

Le added that MSTR has outperformed Bitcoin directly, with preferred shares paying dividends and rising more than 10%, calling the approaching fall season “quite interesting.”